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County board hears building bond options

With bond interest rates at historic lows, Cottonwood County may be inching closer to pursuing two major building projects. At Tuesday’s special work session, Cottonwood County Commissioners reviewed options to potentially pursue a total of roughly $23 million in bonding — $15 million to construct a new public works shop and $8 million for major improvements to the Law Enforcement Center and the county jail. George Eilertson from Northland Securities spoke to the board about its options when it comes to pursuing bonds, stating the county’s statutory debt limit is 3% of the county’s market value, or just over $102 million.

For more on this story see the December 1, 2021 issue of the Observer/Advocate and the Observer/Advocate e-Edition.