Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Bonding topic
No spam. Unsubscribe anytime.
Adams County sets July hearing on up to $5 million in GO notes for Southern Hills projects and approves multiple fund transfers
Summary
The Adams County Board of Supervisors on June 22 set a July 20 public hearing to consider authorizing up to $5 million in general obligation capital loan notes to fund bridge and road projects tied to the Southern Hills Wind Farm urban renewal plan, and approved several fund transfers to conservation and capital accounts.
Get email alerts on the Finance Bonding topic
No spam. Unsubscribe anytime.
The Adams County Board of Supervisors on June 22 voted to set a public meeting at 9:15 a.m. on July 20 to consider authorizing a loan agreement and issuing up to $5,000,000 in general obligation capital loan notes to finance projects tied to Amendment No. 2 to the Southern Hills Wind Farm Urban Renewal Plan, including bridge and road work.
Why it matters: The resolution (No. 2026-31) would establish financing authority the county can use to pay for urban renewal projects and requires a published notice and an opportunity for residents or property owners to file objections or a petition for an election. The record includes an estimate that the annual property-tax increase on a residential property with an actual value of $100,000 would not exceed $40.07 for the financing authority established by this hearing.
The resolution directs the Auditor to negotiate terms of a loan agreement, prepare sale information and publish notice in a legal newspaper not less than 10 nor more than 20 days before the public meeting. It also specifies that principal and interest on any notes would be payable from the county Debt Service Fund and notes that notes may be issued in one or more series and combined with other finance authority, which could change tax impacts.
At the June 22 meeting, the Board approved related fiscal steps: Resolutions 2026-27, 2026-28 and 2026-29 moved a total of $153,693.48 into the Conservation Reserve Fund from the Local Option Sales Tax fund, the General Fund and the Hotel-Motel Tax Fund, respectively. The Board also approved Resolution 2026-30, transferring $100,000 from the General Fund to the Capital Projects Fund. All four transfers were approved unanimously and the original resolutions are on file in the Auditor’s office.
The Board also approved an engagement agreement with the law firm Ahlers Cooney to assist with general obligation bonding work. The agreement was approved by a unanimous vote.
Other actions: Supervisors approved plans for the L-LBRUNI17--73-02 Union 17 bridge replacement and approved vendor and payroll claims submitted at the meeting, including line items for equipment, materials and software, with a listed grand total of $225,022.16. The Board appointed Supervisor Tony Hardisty to the Emergency Management Commission and Supervisor Scott Akin to Hungry Canyon; that motion passed with three ayes and two recorded abstentions (Hardisty and Akin abstained). Department heads reported on storm damage and cleanup, marina water levels and upcoming July Fourth events; the Sheriff reported new tasers and plans to repair a damaged K-9 truck.
Votes at a glance: • Approval of agenda and June 15 minutes — Mover: Scott Akin; Seconder: Tony Hardisty; Result: unanimous aye. (SEG 002) • Approve Union 17 bridge plans (L-LBRUNI17--73-02) — Mover: Tony Hardisty; Seconder: Leland Shipley; Result: unanimous aye. (SEG 004) • Approve claims as presented (grand total listed $225,022.16) — Mover: Bobbi Maynes; Seconder: Scott Akin; Result: unanimous aye. (SEG 005; SEG 006–007) • Appoint Hardisty to Emergency Management Commission and Akin to Hungry Canyon — Mover: Leland Shipley; Seconder: Bobbi Maynes; Result: Ayes — Shipley, Maynes, Standley; Abstained — Hardisty, Akin. (SEG 008) • Resolution 2026-27: Transfer $100,000 LOST → Conservation Reserve Fund — Mover: Scott Akin; Seconder: Tony Hardisty; Result: unanimous aye. (SEG 009–015) • Resolution 2026-28: Transfer $50,000 General Fund → Conservation Reserve Fund — Mover: Leland Shipley; Seconder: Bobbi Maynes; Result: unanimous aye. (SEG 016–017) • Resolution 2026-29: Transfer $3,693.48 Hotel-Motel Tax → Conservation Reserve Fund — Mover: Scott Akin; Seconder: Tony Hardisty; Result: unanimous aye. (SEG 018–019) • Resolution 2026-30: Transfer $100,000 General Fund → Capital Projects Fund — Mover: Scott Akin; Seconder: Bobbi Maynes; Result: unanimous aye. (SEG 020–021) • Approve county funding letter for July disbursements — Mover: Tony Hardisty; Seconder: Bobbi Maynes; Result: unanimous aye. (SEG 022) • Approve engagement agreement with Ahlers Cooney for GO bonding — Mover: Scott Akin; Seconder: Tony Hardisty; Result: unanimous aye. (SEG 023) • Resolution 2026-31: Fix date for meeting on authorization of loan agreement and issuance of notes (set hearing July 20, 2026 at 9:15 a.m.) — Mover: Bobbi Maynes; Seconder: Scott Akin; Result: unanimous aye. (SEG 024–059; SEG 059) • Adjourn — Mover: Scott Akin; Seconder: Tony Hardisty; Result: unanimous aye. (SEG 062)
What’s next: The Board scheduled a public meeting for July 20, 2026 at 9:15 a.m. at the County Courthouse, 500 9th Street, Corning, Iowa, to receive oral and written objections before taking further action on authorizing a loan agreement and issuing notes. The Auditor was directed to publish notice and accept petitions under Chapter 331 and Chapter 403 procedures.
