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Nobles County acknowledges increase of surety bond for Fenton Power Partners to $900,000
Summary
The board acknowledged a Federal Insurance Company rider increasing Fenton Power Partners I, LLC’s surety bond with Nobles County from $750,000 to $900,000 and recorded the acknowledgement by motion.
Nobles County reviewed documentation showing an increase to the surety bond held by Fenton Power Partners I, LLC. The Federal Insurance Company rider attached to the meeting materials reflects an increase from $750,000 to $900,000. Commissioners voted to acknowledge the rider and the bond increase.
The board’s acknowledgement does not, in itself, change county policy but records the updated financial assurance associated with Fenton Power Partners’ wind-generation activity in the county. Administration will retain the rider in county records for reference in related permitting or oversight activity.
