[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6587403,"mediaKeyId","5603665-b65c7afba2773f57b3162f8f1752862b","parentId",5603665,"title","Olmsted County authorizes competitive sale of general obligation bonds to fund materials recovery facility and other capital needs","audioSeconds",661,"startMs",72000,"endMs",733000,"viewUrl","/Search/View?dp=1&key=5603665-b65c7afba2773f57b3162f8f1752862b&start=72&end=733","thumbnailUrl","https://assets.pipeline.soar.com/5603665-b65c7afba2773f57b3162f8f1752862b/thumbnail_72000.jpg","articleUrl","/articles/6587403/Olmsted-County/Minnesota/Olmsted-County-authorizes-competitive-sale-of-general-obligation-bonds-to-fund-materials-recovery-facility-and-other-capital-needs","mediaUrl","https://secure.pipeline.soar.com/6587403-30a1d806077fe4ddb2d2c991f603a82f/orig.mp4?Expires=1770455989&Signature=jqqKOW9bTg5AVTLXI2nwi9CPvaZ5I7TFT33LJ4zrvSXA9iasVe~yK6n8Og0IwQ8aZH1Ny7MWCaXlNoy5yBXKLOKJ8actVKH0avaEWSM1qPQRYwZLbQSK3aWMrtYQzhXtMeGhDCYwu9ws-HqDAFIPb5d0mdnyP6~5GJU9laT3uSNhhO2gLdrnUGWvr28fwX8MzMNHYrr8IefTe6NrUmwscdMQtclNGAzWmDWNE1h9gGPDzIaU5g0-Vf1LHgDYzsO6OfGxCr0d-ifxKF4IFX9NJZ7vRn8MEUkYl2J43L176GJLMB69fG2VR9CLNb-kzF8LpIoW0yefCsruDz5rRo-W-g__&Key-Pair-Id=KUT5TJCACFTXG","author","Olmsted County","date","2025-08-20T00:00:00Z","article","Olmsted County commissioners voted to authorize the competitive sale of general obligation bonds, Series 2025A, and related documents and timing, following a presentation from County Chief Financial Officer Wilfredo Roman. The board authorized the sale in a voice vote after Roman reviewed the timeline and uses for the proposed financing and answered commissioners’ questions.

Roman told commissioners the county will offer the bonds in a competitive public sale on Sept. 16, with a bond rating review from a rating agency scheduled on Aug. 27. He said the county selected a competitive sale process to seek the lowest interest cost and noted Olmsted County’s high credit standing: “Olmsted County is 1 of the very few counties in the nation. There's only 3% of us that have a AAA rating,” he said.

Why it matters: the bond proceeds would finance multiple capital items on the county’s approved 2025–2029 capital improvement plan. Roman said “a significant portion” — approximately $15.2 million — of the proposed sale would be applied to the county’s materials recovery facility (MRF). The remainder of the sale (about $6.3 million) would fund other equipment and building needs across county operations. Roman described the bonds as general obligation bonds secured in part by MRF revenues and, if needed, by the county’s taxing authority: “These bonds will be tax exempt based on IRS rules,” he said, adding that the structure signals investors the county will repay debt even if MRF revenues prove insufficient.

How the financing is structured: Roman said the county is matching principal amortization periods to estimated useful lives of financed assets (shorter payback for short-life equipment, longer for long-lived facilities). He said the final maturity shown in the presentation was labeled 02/1946 and that an optional prepayment date was noted in the slides; the transcript contains those slide dates but they appear inconsistent in places and were not read out with full clarity during the meeting. The county will work with municipal advisor Northland Securities and legal counsel Dorskin Whitney to complete the sale process and closing, Roman said, and estimated three to four weeks between sale and closing for administrative and legal steps.

Commissioner questions and next steps: commissioners pressed on the MRF funding gap. One commissioner noted the MRF is a roughly $52 million project with about $10 million in state funding already secured and asked why the county planned to bond only $15.2 million now rather than the full remaining need. Roman said the board directed staff to seek additional state funding first; if the county is not successful in obtaining more state dollars, staff would return to the board to seek authorization for additional bonding in a later sale.

Board action and other votes: after discussion the board approved the resolution authorizing the county to proceed with the competitive sale; the vote was taken by voice and recorded as carried. At the same meeting the board also approved the consent agenda, which included multiple routine items (listed below). The consent items were approved by voice vote; specific vote counts were not provided in the transcript.

At the meeting commissioners approved the following consent items as read into the record by staff: approval of minutes from Aug. 5; a temporary one- to four-day liquor license for High Forest Old Settlers Association; acceptance of the Climate Smart Food Systems Regional Food Coordination Grant; awarding a contract for the Oxbow Park caretaker’s home; approval of an amended contract for CSAH 1; acceptance of a Victims of Crime Act (VOCA) grant to fund one victim-witness full-time staff position (beginning Oct. 21 through 9/30/2026); acceptance of the annual comprehensive financial report for the year ending 12/31/2024; and setting county truth-in-taxation dates for the 2026 budget.

What the county did not determine at the meeting: the transcript does not record precise vote tallies or a final total principal amount of the bonds to be sold; Roman provided approximate allocations from the sale but the board did not approve a final not-to-exceed aggregate principal amount in the discussion recorded. The county also did not resolve whether or when it would issue additional bonds to complete the MRF if state funding requests are unsuccessful; Roman said staff would return to the board at a later date if more bonding is needed.

Looking ahead: staff will proceed with the rating presentation on Aug. 27 and the competitive sale process on Sept. 16, and will return to the board with closing details once the sale and administrative steps are complete.","mediaType","Video","parentTitle","Olmsted County Board of Commissioners August 20, 2025","oneSentenceSummary","Olmsted County commissioners voted to authorize a competitive public sale of general obligation bonds, Series 2025A, to finance capital projects including a materials recovery facility (MRF), Financial Officer Wilfredo Roman said.","taxTitle","Olmsted County, Minnesota","taxId",3597,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6587398,"MICA briefs Olmsted County on 2025 legislative session: mixed outcomes for county budgets, targeted wins for SSIS modernization, AMRTC expansion and clean water",2733,736000,3469000,"/Search/View?dp=1&key=5603665-b65c7afba2773f57b3162f8f1752862b&start=736&end=3469","https://assets.pipeline.soar.com/5603665-b65c7afba2773f57b3162f8f1752862b/thumbnail_736000.jpg","/articles/6587398/Olmsted-County/Minnesota/MICA-briefs-Olmsted-County-on-2025-legislative-session-mixed-outcomes-for-county-budgets-targeted-wins-for-SSIS-modernization-AMRTC-expansion-and-clean-water","https://secure.pipeline.soar.com/6587398-3dd8cd1e38e05a4d48545117e002e3aa/orig.mp4?Expires=1770455989&Signature=c0YahFOlLUOMWERctcWcDBHFx9TGz292D5tfgJuCiA8wYDcMf7yDT26IKAhcmjv2Eryy9pgMhHlu9oRt7BpkkQx37cblM9GiwDemX4WLS0YCRTQ7gaxqXP9itjInUxT3K2kNSyuH~ky0PCTwm3rDO9-pnm7zSg7C1NziztZIYn5A2f4ETSrnHMEvMcm7rt6lQpExMVVdAgEd~IXbH9YAGeh42b3NlkHXi0ZUrPjFQRoKZ0Y5-GmIQQUQqVvlDnCKvzbYqE7I2SNM8VPxxEp1R9l6skd2jYop-4oGFSqY-ZXs8t8~H0pRTW3ilHiYXAdhqYE4cMuWkfhixy1v2TsJbg__&Key-Pair-Id=KUT5TJCACFTXG","Representatives from the Minnesota Intercounty Association (MICA) gave an informational briefing to Olmsted County commissioners summarizing the 2025 legislative session’s effects on counties.

Nathan Jessen, MICA’s executive director, said counties faced a state budget constrained by a large structural deficit and described one notable outcome: changes in the composition of property tax shares and county program aid (CPA). “We’re a voluntary group of 17 counties from across the state,” Jessen said, and he noted Olmsted receives slightly above‑average CPA per capita; he described recent redistribution factors that will modestly increase Olmsted’s CPA in 2026.

Transportation and bonding: Amber Backus, MICA’s transportation liaison, described a difficult transportation negotiations process and a special-session transportation bill that reduced some transit and active-transportation funding and slowed a prior dedication of auto-parts sales tax to transportation. She said some of those reductions were offset by an increased surcharge on electric vehicles that will raise EV fees in certain cases to as much as about $200. Backus called the bonding bill a relative win for counties, saying it provided funding for the local road improvement program, local bridge replacement and a wetland replacement program.

Health and human services: Nancy Soleski, MICA’s public‑health and human services liaison, said the session provided $35 million for SSIS systems modernization (plus earlier set-asides) and authorized funds to expand state forensic treatment capacity. She described an AMRTC expansion package that combines operating and bonding funding she characterized as roughly $75 million to create additional beds (presentation materials cited a $55 million bonding item plus operating dollars); Soleski said a review panel and continued work on priority admissions remain active and that counties will resume certain cost shares beginning July 1 and face an estimated new county cost of roughly $14–18 million in the upcoming biennium for specific state-mandated placements if offsets are not found.

Environment and solid waste: Rachel Sysnowcek, MICA’s environmental liaison, briefed the board on the clean water fund and other environment items. She said the final clean water appropriations followed Clean Water Council recommendations and that more than $300 million will flow over the next two years through clean-water appropriations. Sysnowcek also reviewed product stewardship and packaging‑waste work (the Packaging Waste and Cost Reduction Act remains in early implementation) and said counties will continue to press for more state support for solid-waste management, including work on electronic-waste and battery stewardship that did not pass this session. On data centers she said the enacted bill includes additional water-use review provisions for projects with potential aquifer impacts.

Public safety, pensions and other items: MICA staff summarized changes to community supervision funding (three-year averaging), ambulance operating deficit grants and a mixed set of pension and disability changes that will be addressed further in work groups. MICA also walked commissioners through broad end-of-session budget numbers and the state’s use of reserves and forecasted surpluses and deficits.

Why it matters: MICA presenters emphasized that counties continue to face constrained state resources and must rely on a combination of bonding, targeted grant programs and committee work groups to manage program and infrastructure needs. Commissioners asked questions and commended MICA staff for analysis and the prepared materials.

No formal county action was taken; the presentation was informational.","Minnesota Intercounty Association (MICA) staff updated commissioners on the 2025 session, reporting statewide fiscal pressure that produced cuts in transportation and some local aids but also bonding and appropriations for SSIS modernization, AMRTC bed expansion, clean water funding and local road programs.","actionData","errors"]

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Olmsted County authorizes competitive sale of general obligation bonds to fund materials recovery facility and other capital needs

MICA briefs Olmsted County on 2025 legislative session: mixed outcomes for county budgets, targeted wins for SSIS modernization, AMRTC expansion and clean water