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Pottawattamie County adopts FY2026‑27 budget and issues $6M in bonds for public‑safety communications
Summary
The Pottawattamie County Board of Supervisors adopted the FY2026/27 budget and moved forward with a $6 million General Obligation Capital Loan to finance peace‑officer equipment and emergency communications infrastructure, following public hearings and a competitive bond sale. The board recorded detailed levy and debt service schedules and named the bond purchaser and paying agent.
The Pottawattamie County Board of Supervisors adopted the Fiscal Year 2026‑27 budget on April 28 after a public hearing and final vote, then completed the financing steps to support a $6,000,000 General Obligation Capital Loan for peace‑officer equipment and emergency communications systems.
The board’s budget vote (Resolution No. 30‑2026) followed public notice and a hearing; the board recorded all objections and then approved the budget by roll call (AYES: Shea, Wichman, Miller, Jorgensen, Jones). Separately the county advanced $6 million in notes to pay for “acquisition, construction and installation of peace officer equipment and other emergency services communication equipment and systems including new towers, equipment, microwaves and consoles.” The notice published in advance estimated the annual tax increase on a residential property assessed at $100,000 at no more than $8.06 for the portion of the debt established by the hearing.
The board later accepted a competitive bid for the Notes: Robert W. Baird was awarded the sale with a purchase price of $6,255,913.75 and a true interest rate of 2.9984 percent, and UMB Bank, N.A. was appointed paying agent, registrar and transfer agent (sale adoption: April 14; official sale documents and paying‑agent contracts approved). The board also adopted a levy schedule covering fiscal years 2026/27 through 2034/35 and authorized the Auditor to file the necessary amendments and tax levies for debt service. The county’s municipal advisor and bond counsel were authorized to finalize closing documents and tax‑exemption compliance paperwork.
What’s next: bond closing and formal delivery of notes, disbursement to pay project invoices, and work on procurement and installation of radios, consoles, towers and related equipment. The board’s resolutions and sale documents set out reporting and rebate‑compliance requirements to preserve tax‑exempt status.
