20190723_090454

A bond purchase agreement to finance the Washington County emergency communication building was approved Tuesday. Michael Hart with Northland Securities presented the bond structure over 11 years and said now is a good time for bond sales, “Well, I think it’s a great result. And in terms of your timing on this there’s some good luck working for you, for the county and the county’s taxpayers as a part of this.” The all inclusive cost is at 2.39% and the total principal and interest is $9,249,600. This is paired with the bonds already sold for just equipment costs. Both general obligation bonds combined add up to $11.57 million. Supervisor Jack Seward explained it is below the county’s spending authority of $14 million for the communications equipment and building. Ground was broken on the building earlier this month.