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Elm River board authorizes redemption of Series 2024B bonds for dam project maturities 2027–2030
Summary
The Elm River Joint Water Resource District voted unanimously to call the 2027–2030 maturities of the Maintenance Levy Improvement Bonds, Series 2024B, for the Elm River Dam #1–#3 Improvement Project and authorized the secretary and bond counsel to prepare and execute notice of redemption.
Katie Schmidt of Ohnstad Twichell, bond counsel, presented information on calling Series B bonds to save on interest costs at the March 17, 2026 meeting of the Elm River Joint Water Resource District.
Manager Josh Ihry moved to call the 2027–2030 maturities of the Maintenance Levy Improvement Bonds, Series 2024B, relating to the Elm River Dam #1, #2, and #3 Improvement Project, including payment of all outstanding principal and interest due. The motion also authorized Traill County Water Resource District Secretary Jessica Spaeth and Ohnstad Twichell to prepare and execute the notice of bond redemption and to take any other actions necessary for payoff. Manager Robert Thompson seconded the motion; on roll call the motion carried unanimously.
The minutes record the authorization and do not list a recorded dissent or abstention. The board did not provide specific dollar figures or a timeline for payoff in the minutes; those details would be handled by the district’s secretary and bond counsel under the authorization the board approved.
