Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance Solid Waste topic
No spam. Unsubscribe anytime.
Todd County approves $1 million repayment of interim loan for Solid Waste CAP Grant project
Summary
The Board authorized a $1,000,000 transfer from the Solid Waste fund to General Revenue to repay an interim loan advanced while MPCA CAP grant funds were delayed, finalizing partial repayment of previously authorized interim financing.
Todd County commissioners on June 2 authorized the County Auditor‑Treasurer to transfer $1,000,000 from Fund 51 (Solid Waste) to Fund 01 (General Revenue) in full repayment of an interim zero-percent loan advanced to cover CAP Grant Project expenses after Minnesota Pollution Control Agency (MPCA) funding was delayed.
The minutes state that the County had authorized interim financing in 2025 for up to $3,418,686 at zero percent via Resolution #20250520-24 and had transferred $1,000,000 to date. The Transfer Station Building Project is described as near completion and the State has since delivered its financial obligations under the CAP Grant Agreements. Solid Waste and the Auditor‑Treasurer recommended full repayment, and the board authorized the transfer. Motion by Commissioner Denny; second by Commissioner Becker; adopted unanimously.
The resolution directs the County Auditor‑Treasurer to complete the transfer and finalize the loan agreement as satisfied for financial reporting purposes effective the date of adoption. The minutes do not record additional follow-up reporting dates or conditions beyond the authorization to transfer the stated amount.
