Iowa Finance Authority AgendaPacket 2026-06-03
Shelby County State Bank to Purchase $600K Ag Bond
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Description
The Iowa Finance Authority approved Resolution AG 26-036B authorizing issuance and sale of a $600,000 Agricultural Development Revenue Bond to Shelby County State Bank to finance land acquisition for Adam R. and Alacyn L. Nihsen. The bank will purchase the bond and provide loan proceeds for approximately 104.5 acres of agricultural land in Pottawattamie County.
Contract Details
Contract Amount
$600,000
Vendor
SHELBY COUNTY STATE BANK
Agency
Iowa Arts Council, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 3, 2026
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