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Board schedules Feb. 3 joint meeting to consider calling Series B of Elm River bond
Summary
The board heard that Red River Joint WRD has provided cost share for interest costs and agreed to a joint meeting Feb. 3 to consider calling the Series B portion of the Elm River bond; no final bond call was made at the Jan. 20 meeting.
Secretary-Treasurer Jessica Spaeth reported that cost-share for interest costs has been received from Red River Joint WRD and the board discussed convening a joint meeting on Feb. 3 to consider calling the Series B portion of the bond. No formal bond call or motion was made at the Jan. 20 meeting; the item was placed on the Feb. 3 agenda for joint-board consideration.
The board directed staff and consultants to continue coordinating cost-share figures ahead of the Feb. 3 meeting. The decision whether to include the county commission’s share in a WRD bond issue (under the 2025 joint powers agreement) or have the commission pay a lump-sum up front was flagged as a county-level preference to be resolved at the commission meeting.
