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Authority approves $62,711.42 assessment for JD38 modifications with three-year repayment terms
Summary
The authority approved an assessment of $62,711.42 (4½% of benefits) to fund JD38 modifications, with payment set over three years at a 4% interest rate; the motion passed unanimously.
The Le Sueur–Rice Drainage Authority voted unanimously on Aug. 27, 2024, to approve an assessment of $62,711.42 related to Judicial Ditch 38 modifications. The motion, moved by Danny O’Keefe and seconded by Jeff Docken, was recorded as carried unanimously in the meeting minutes.
The assessment was described as $62,711.42 or 4½ percent of the benefits, with payment terms set for three years at a 4% interest rate. The vote formalizes the repayment schedule for the assessment tied to the JD 38 project; the transcript does not show individual roll-call tallies.
