Douglas County commissioners approved the issuance of $5.1 million general obligation bonds by Pope County for the Pope/Douglas Solid Waste Management facility.
The $5.1 million will be used for various equipment replacements and upgrades, as well as building modifications, according to Steve Vrchota, executive director of Pope/Douglas Solid Waste Management.
Vrchota, along with Todd Hagen from Ehlers, the financial firm working on the general obligation bond, presented information to the commissioners at their regular board meeting Tuesday, Aug. 6.
In 2010, Douglas County was responsible for issuing this type of bond for the waste-to-energy facility, but this time Pope County will be issuing the bonds.
General obligation bonds are a common type of municipal bond secured by a state or local government's pledge to use available resources, such as tax revenues, to repay the bond holder. The general obligation bond for Pope/Douglas Solid Waste Management is being issued for a term of 20 years.
In other matters
The Douglas County Board of Commissioners approved the following other items:
Douglas County Housing Redevelopment Authority levy request for a special tax benefit of $835,000.
Special event permit to Someplace Safe for its annual Taking Steps Against Domestic Violence Walk scheduled for Tuesday, Oct. 15, starting at 5 p.m. on the Douglas County Courthouse lawn.
Resolution from the Douglas County Veterans Services Office to enter into a grant contract with the Minnesota Department of Veterans Affairs: to provide outreach to the county's veterans; assist with reintegration of combat veterans into society; to collaborate with other agencies to provide various services to area veterans; and reduce homelessness among veterans.
Bid to Alexandria Electric in the amount of $153,278 for the courthouse generator replacement project.
Final plat for Nelsons Third Generation, a one-lot plat in LaGrand Township.
Resolution supporting the development of a county geologic atlas by the Minnesota Geologic Survey at a cost of approximately $5,000.
Agreement with PotlatchDeltic Land and Lumber for a tree thinning project at Spruce Hill County Park. The project will thin out about 25 percent of the trees, which are dead.
Bid to Arvig in the amount of $15,230.80 for door security hardware and software upgrades.