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Commissioners authorize $1 million tax anticipation note with Northwest Bank at 4%
Summary
The board approved Resolution 2026-2 authorizing a $1,000,000 tax anticipation note from Northwest Bank at a 4% interest rate to provide interim cash flow; commissioners approved the final bid and authorized issuance.
Chair moved to approve the authorization for issuance of a tax anticipation note, series of 2026, with Northwest Bank for $1,000,000 at a 4 percent interest rate and noted that bids had been approved previously. Commissioners made and seconded the motion and approved the issuance by voice vote.
The note is intended as interim cash flow for the county; staff characterized it as a standard financing instrument and said the county completed the bid process prior to final approval at this meeting.
