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Board approves Draw #5 for 425th Ave TIF project totaling $624,202.20
Summary
Kingsbury County approved Draw #5 under the Tax Incremental Revenue Bond, Series 2026, for the 425th Ave project: $26,142.50 to Civil Design Inc. and $597,877.70 to Asphalt Paving & Materials, totaling $624,202.20.
Auditor Echo Steffensen presented Draw #5 for the Tax Incremental Revenue Bond, Series 2026, tied to the 425th Ave project. The draw includes payment to Civil Design Inc. for $26,142.50 and Asphalt Paving & Materials for $597,877.70, for a combined total of $624,202.20. The board approved the draw and directed issuance of warrants.
The motion to approve was made by Commissioner Lundquist and seconded by Commissioner Spilde; all commissioners voted aye. The board recorded the draw amounts for the county's financial records and bond administration.
