Brown County Board of Commissioners Regular Meeting Agenda February 2026
County Approves Joint Ditch Bond Agreement with Redwood County
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Description
Brown County approved a joint agreement for Redwood County to issue $1.51 million in bonds for Joint Ditch No. 5 drainage improvements, with Brown County paying an $829,662 proportional share over 20 years at a rate not to exceed 5.18%.
Contract Details
Contract Amount
Estimated $1,510,000 principal (Brown County share: $829,662); 20-year bond at interest not to exceed 5.18%
Vendor
REDWOOD COUNTY
Agency
Brown County, MN
Contract Type
FINANCIAL_SERVICES
Document Date
February 24, 2026
Contract Term
20 years (anticipated May 2026 – February 1, 2046)
Renewal Date
2046-02-01
Renewal Info
Standard 20-year bond term; callable/refinancing options discussed; agreement replaces prior financing agreement dated October 21, 2025.
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