Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Watershed Funding topic
No spam. Unsubscribe anytime.
Commission approves $35,000 Prairieview Place loan and creates Fund 38 for Bois de Sioux watershed project
Summary
The Board approved a $35,000 transfer from the Prairieview Place Fund for the 2025 bond payment and authorized creation of Fund 38 to receive a planned $343,193 MDA loan for the Bois de Sioux Watershed Ditch Project.
Auditor/Treasurer Kit Johnson asked the Board to approve a $35,000 loan from the Prairieview Place Fund to cover the 2025 bond payment; commissioners approved the transfer unanimously (motion Olson, second Schmidt). Johnson also reported the County applied for a Minnesota Department of Agriculture loan for $343,193 that would be transferred to the watershed when received; the County expects to receive repayment with 1% interest and the Board approved creating Fund 38 for the Bois de Sioux Watershed Ditch Project (motion Schmidt, second Olson).
The minutes note the loan application is pending and that the County will move funds into Fund 38 only after the MDA loan is received. The Board did not set a timetable in the minutes beyond routine finance procedures; no objections to the transfer or fund creation were recorded.
