Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Water Infrastructure topic
No spam. Unsubscribe anytime.
Nobles County approves $43.3M Lincoln Pipestone Rural Water JPA acknowledging 16.5% county bond ratio
Summary
The board approved a Joint Powers Agreement recognizing a proposed $43,273,000 Lincoln Pipestone Rural Water Association project; minutes state Nobles County's allotted ratio of potential project-cost liabilities at 16.5%.
Nobles County commissioners on June 2 approved a project‑oriented Joint Powers Agreement with the Lincoln Pipestone Rural Water Association (LPRW) that acknowledges updated costs for a proposed three‑phase project estimated at $43,273,000. The agreement records each member county's potential liability if LPRW cannot retire bonds; Nobles County's share was recorded in the minutes as 16.5% of the allotted bond ratio.
The minutes note that LPRW is the intended beneficiary and plans to pay off bonds; however, the JPA documents that if LPRW cannot pay the bonds, member counties could be responsible according to their allotted ratios. The motion was moved by Commissioner Gene Metz and seconded by Commissioner Bob Paplow and was recorded as duly passed.
