Murray County AgendaPacket 2026-06-02
County Consideration of Joint Powers Bond Agreement With LPRW
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Description
Murray County is asked to approve a 2026 Joint Powers Agreement with Lincoln Pipestone Rural Water System to support issuance of $9.8 million in general obligation bonds as part of a $26.18 million, three-year water system construction project. The agreement obligates Murray County, along with nine other counties, to back the bonds proportionally if LPRW were ever to default.
Contract Details
Contract Amount
$26,179,000 (general obligation bonds for project; current phase $9,800,000)
Vendor
LINCOLN PIPESTONE RURAL WATER SYSTEM
Agency
Murray County, MN
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Approximately 3-year construction project starting October 2025; bonds issued in three phases
Renewal Info
Second of three planned bond phases for LPRW’s construction project; similar JPAs were approved in 2025 and will be required for the final phase as well.
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