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County approves tax‑exempt financing for 62-unit independent‑living addition at Mother of God Monastery campus
Summary
The Codington County Board approved Resolution 2026‑04 to act as a conduit issuer for tax‑exempt revenue bonds that will finance a 62‑unit independent‑living expansion attached to the Mother of God Monastery campus; presenters said the county assumes no debt and the loan is the nonprofit's obligation.
The Codington County Board of Commissioners unanimously approved Resolution 2026‑04, authorizing the county to act as a conduit issuer for economic development revenue bonds to finance a 62‑unit independent‑living project connected to the Mother of God Monastery campus.
Michael Clott, who identified himself as a strategic advisor to the sisters at Mother of God Monastery, said the project will be directly connected to the monastery and "provide a continuum of care for the seniors living in the community and provide options for the greater Watertown community." Clott said the project is an extension of…
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