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Treasurer presents FY26 capital improvement note term sheet; board receives document
Summary
Woodbury County Treasurer Tina Bertrand presented an FY26 capital improvement note term sheet, saying the county will solicit pricing from local banks and expects interest pricing by Feb. 5; the board received the information and discussed a possible shift to a 4‑year note.
Tina Bertrand, Woodbury County Treasurer, presented information on a proposed FY26 capital improvement note and explained the county will distribute the term sheet to local banks for pricing. Bertrand said the county's intent is to seek pricing this week and expected returns by Feb. 5. She described a potential change from a five‑year note to a four‑year note to reduce interest costs and mentioned exploring principal pay‑downs on recent notes to save interest.
The presentation was informational; Bertrand said Iowa law does not require the county to present the note but that the transparency was intended to allow earlier discussion with banks and advisors. A supervisor moved to receive the information and the board approved the receipt 5–0. Bertrand said the county’s plan includes distributing a final version of the term sheet to supervisors when it is complete.
