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Board approves two loan notes totaling about $4.2 million, sells three Douglas Avenue parcels and approves licenses
Summary
The Des Moines County Board of Supervisors voted June 16 to authorize two general-obligation notes (one tax-exempt for $1,139,000 and one taxable for $3,088,000), sell three Douglas Avenue parcels for $34,900, approve two alcohol licenses and hire a correctional officer.
The Des Moines County Board of Supervisors on June 16 approved a series of routine financial and administrative actions, including two loan agreements that together total about $4.2 million and the sale of three county-owned parcels on Douglas Avenue for $34,900.
At the meeting the board approved resolution 2026-037 to authorize the issuance of a $1,139,000 tax-exempt general-obligation county-purpose note (Series 2026A) to support capital expenditures. County staff described the borrowing as a short-term line-of-credit mechanism the county uses to cover timing differences in the debt-service levy and reported an interest rate of 6.25% for the issue. The board voted to approve the measure.
The board also approved resolution 2026-038, authorizing a $3,088,000 taxable general-obligation county-purpose note (Series 2026P) to fund insurance-related capital needs; the transcript lists an interest rate of about 6.5% for that borrowing. Both resolutions passed on voice/roll-call at the public meeting.
Separately, the board approved a resolution directing the sale of three Des Moines County parcels (10-25-431012, 10-25-431013, 10-25-431014) to Troy M. Thompson for a combined sale price of $34,900 and instructed county staff to complete the transaction under Iowa Code section 331.361.
The board also approved a Class E native-wine license for River Ridge Farms and a Class C liquor license for Flint Hills Municipal Golf Course after the sheriff indicated no objection. A personnel action to hire Paul Broker as a correctional officer was approved; the transcript lists an annual pay figure of $50,072.70 and includes a reference to 77.11 hours in the personnel notice (the record contains inconsistent phrasing on that numeric detail).
Routine business approved without extended discussion included accounts-payable claims listed at $478,655.22 and approval of the June 9, 2026 minutes. The meeting record shows the board moved into a closed session later in the agenda to discuss a redemption-center matter tied to the Douglas Avenue parcels under Iowa Code 21.5(1)(6).
The board did not identify a formal dissent on the recorded votes at the public meeting; measures taken during the session were recorded as approved.
