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Board authorizes $1.2 million general obligation capital loan note for FY25 projects
Summary
Woodbury County approved a resolution authorizing the issuance of $1,200,000 in taxable general obligation capital loan notes (Series 2025) as part of the FY2025 CIP; Treasurer Tina Bertrand presented the procedural documents and the board voted 4‑0 to approve.
The Woodbury County Board of Supervisors authorized the issuance of a $1,200,000 taxable general obligation capital loan note as a step in funding capital improvement projects in the FY2025 CIP.
County Treasurer Tina Bertrand described the vote as a procedural requirement to sign loan documents and said the paper originals for the notes were available for signature. "This very long lengthy, agenda item narrative, is basically this is just another step into the, that FY '25 CIP loan," Bertrand said. Board members confirmed that the resolution itself would be included in the minutes but that underlying legal documents need not be attached in full. The board approved the resolution and authorized signatures; the motion passed 4‑0.
Treasurer Bertrand and staff will follow up to ensure executed loan documents are handled according to document‑retention practices and to complete the borrowing process for designated capital projects.
