Free meeting summary
Clay County Approves $17.9 Million Bond Sale Amid Financial Strategy Discussions
- Meeting Overview:
Overview: In a decision, the Clay County Board of Commissioners approved the issuance and sale of $17,915,000 in general obligation jail refunding bonds. This move, backed by favorable market conditions, is projected to save the county approximately $72,000 over the lifespan of the bonds. Todd Hagen from Ellers and Associates provided a detailed presentation on the bond sale report, noting a favorable interest rate of 2.93% from the lowest bid, lower than the pre-sale estimate.
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County Council Officials:
Paul Krabbenhoft, Ezra Baer, Jenny Mongeau, Kevin Campbell, David Ebinger
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Meeting Type:
County Council
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Committee:
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Meeting Date:
10/28/2025
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Recording Published:
10/28/2025
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Duration:
299 Minutes
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Notability Score:
Routine
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State:
Minnesota
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County:
Clay County
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Towns:
Alliance Township, Barnesville, Barnesville Township, Comstock, Cromwell Township, Dilworth, Eglon Township, Elkton Township, Elmwood Township, Felton, Felton Township, Flowing Township, Georgetown, Georgetown Township, Glyndon, Glyndon Township, Goose Prairie Township, Hagen Township, Hawley, Hawley Township, Highland Grove Township, Hitterdal, Holy Cross Township, Humboldt (Clay), Keene Township, Kragnes Township, Kurtz Township, Moland Township, Moorhead, Moorhead Township, Morken Township, Parke Township, Riverton Township, Sabin, Skree Township, Spring Prairie Township, Tansem Township, Ulen, Ulen Township, Viding Township
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