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Managers approve 1.5% interest-rate increase tied to Thompson Drain No. 72 bonds
Summary
On Nov. 4, 2025, the Traill County board moved to raise the interest rate tied to Thompson Drain No. 72 bonds by 1.5% above the current bond rate; the motion carried unanimously by roll call.
Managers of the Grand Forks–Traill Joint Water Resource District approved on Nov. 4, 2025, a motion to increase the interest rate applied to Thompson Drain No. 72 bonds by 1.5 percentage points above the current bond rate. Manager Andy Neset moved for the increase and Manager Tom Perdue seconded; the board adopted the motion unanimously by roll-call vote.
District staff reported that bond-assessment updates for Thompson Drain No. 72 will result in higher assessments to affected landowners going forward. The meeting record does not include updated per-parcel totals or an effective date for when the higher interest calculation will be applied; the board’s action was limited to approving the rate change as described.
