Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Drainage Interest Rates topic
No spam. Unsubscribe anytime.
O'Brien County trustees set 5% interest rate for stamped warrants and waivers on DD4 and DD5
Summary
During the Feb. 4, 2025 meeting, trustees voted unanimously to set the interest rate for stamped warrants and waivers for Drainage Districts 4 and 5 at 5%.
The O'Brien County Board of Supervisors, acting as Drainage Trustees, set the interest rate for stamped warrants and waivers at 5% for both Drainage District 5 and Drainage District 4 during their Feb. 4, 2025 session. Supervisor Vanden Hull moved the DD5 rate (seconded by Supervisor Thomas); Supervisor Friedrichsen moved the DD4 rate (seconded by Supervisor McDowell). Both motions carried on unanimous voice votes.
The motions are recorded in the minutes as: “approve the interest rate for stamped warrants and waivers on DD5 at 5%” and “approve the interest rate for stamped warrants and waivers on DD4 at 5%.” No further financial detail, effective date beyond the meeting, or dissent was recorded in the transcript.
