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Pottawattamie County Board of Supervisors approves sale of $6 million general obligation notes
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Summary
The Board of Supervisors on April 14 approved Resolution No. 25-2026 to sell up to $6,000,000 in General Obligation Capital Loan Notes, awarding the bid to Robert W. Baird of Milwaukee; the board voted 4-0 with one member absent.
The Pottawattamie County Board of Supervisors voted April 14 to approve Resolution No. 25-2026, directing the sale of $6,000,000 (subject to adjustment per terms of offering) in General Obligation Capital Loan Notes, Series 2026, and awarding the bid to Robert W. Baird of Milwaukee, Wisconsin.
Supervisor Jeff Jorgensen moved to approve and authorize the board to sign the resolution; Supervisor Keith Jones seconded the motion. Chairman Brian Shea presided. The resolution awards the notes with a final par amount of $6,000,000, a purchase price of $6,255,913.75, a true interest rate of 2.9984% and a net interest cost of $872,886.
The resolution authorizes the chairperson and the county auditor to execute the statement of information for note bidders and the contract for sale on behalf of the county and ratifies actions taken by the county treasurer and other officials in furtherance of the sale. County Auditor Mary Ann Hanusa is listed in the minutes as attesting to the proceedings.
The roll call vote on the motion was AYES: Brian Shea, Susan Miller, Jeff Jorgensen and Keith Jones; Supervisor Tim Wichman was recorded absent. The motion carried.
After the vote the board approved a motion to adjourn; Supervisor Jorgensen moved, Supervisor Susan Miller seconded, and the meeting was adjourned subject to call at 1:15 p.m.
The minutes and the resolution text record the bid award to Robert W. Baird and the numerical terms above; the resolution is dated April 14, 2026.