Faribault County Register
BLUE EARTH — The Faribault County Board of Commissioners met yesterday and approved a resolution awarding the sale of the 2021A $4 million General Obligation Capital Improvement Plan bonds to Northland Securities, Inc.“The interest rate came in a little lower than we had anticipated,” county auditor/treasurer Darren Esser said. “The lower rate will save us about $100,000 over the life of the 20-year bond.”Commissioner Greg Young asked what the total debt service would be for the bond.“The total cost over the life of the bond will be $4,884,296,” Esser replied.Northland was one of four firms who submitted a bid for the bonds. The true interest rate of their bid was 1.6041 percent. The interest rate on the other bids ranged from 1.6414 to 1.7419 percent.A motion passed to lower the flags in the county to half-staff in honor of former Vice-President Walter Mondale, who died on Monday, April 19. Mondale was a former resident of Elmore.The board also passed a resolution declaring April Child Abuse Prevention Month and a proclamation stating April 18-24 as Crime Victim’s Rights Week.