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Watonwan County approves Notice of Sale for ~$2.34M ditch bonds, hires Northland as municipal advisor
Summary
The Board approved Resolution No. 2026-14 to solicit bids for approximately $2,340,000 in General Obligation Ditch Bonds to finance Judicial Ditch 8 and 26 improvements, and approved a Municipal Advisory Services Agreement with Northland Securities.
The Board adopted Resolution No. 2026-14 approving a Notice of Sale to issue approximately $2,340,000 in General Obligation Ditch Bonds, Series 2026A, to finance improvements to Judicial Ditch 8 and Judicial Ditch 26. The resolution cites authority under Minnesota Statutes, Chapters 475 and Section 103E.635 and directs staff to work with Northland Securities, Inc. and bond counsel to solicit bids.
George Eilertson of Northland Public Finance participated by telephone and presented a Municipal Advisory Services Agreement between Watonwan County and Northland Securities, Inc.; the Board approved the agreement and Eilertson reviewed the bond distribution list and an August 18 meeting to finalize the bond process was scheduled. The resolution and advisory approval were recorded in the minutes as unanimous actions.
