(Greenfield, Iowa) – The Board of Supervisors in Adair County, today (Wednesday), received updated with regard to a Manure Management Plan, Insurance rates, and Bond interest/premium rates. Their first action was to acknowledge the receipt of a Manure Management Plan Update. Board Chair Jerry Walker…

County Auditor Mandy Berg updated the Board of FY25 ISAC Group Health Insurance rates.

County Engineer Nick Kauffman reported on Adair County Secondary Roads Department maintenance work and activities. He said the Washington 32 bridge is finished, with the exception of some dirt work.

And, Maggie Burger with Speer Financial provided insight into Bond interest rates, the issuance of additional obligation debt, etc. With regard to the latter, Speer said….

The majority of the debts are for road projects. The County is currently looking to take on about $5-million in debt for a similar project.

She said they likely wouldn’t need to do any work on TIF (Tax Increment Financing), to get the project ready to go. Speer said the next part of the process is setting the date for a public hearing on the borrowing itself, and then proceed forward with the actual borrowing timeline. That can be as little as 75 days, or as long as the Board determines is necessary.

Interest rates on bond are higher than have been seen in quite some time, she said.

The County is looking to bond for road construction projects sometime this March or April. Speers suggested the County go out for bids first, before taking on bond debt, so the “amount not to exceed” can be determined prior to a public hearing on the issuance of bonds. County Engineer Nick Kauffamn said the bid letting is set for January or February.