(Greenfield, Iowa) – The Adair County Board of Supervisors, today (Wednesday), awarded a bid from Hilltop Securities from Dallas, TX, for the sale of $5-million dollars in General Obligation Urban Renewal Bonds, Series 2024. Maggie Burger, with Speer Financial, said the last bond offering was in 2022. The interest rate at that time was 2.55%. There were five bidders for the bonds.

Hilltop Securities, she said, offered an interest rate of 3.3620%, which was lower than anticipated, and comes with a premium.

Burger had some great news for the County Board, with regard to the County’s Bond Rating. She said Moody’s Ratings and Investor Services, rated Adair County as Double-A three (AA3).

Moody’s said Adair County is doing well with regard to its fund balance.

She went on to describe more details with regard to the bond.

In other business, the Adair County Supervisors approved an Attorney Engagement Agreement for Commercial & Industrial Development Regulations. County Conservation Director Dominic Johnson updated the Board on equipment and maintenance activities. County Engineer Nick Kauffman presented a Resolution set May 29th at 9:30-a.m., as the date & time for a Public Hearing to vacate a portion of 277th Lane. The proposal includes about 187-feet of the lane, west of Vinton Avenue, in the southeast part of the County, south of Hebron.

And, the Board authorized Chair Jerry Walker to sign the final vouchers for the N24 Prussia (Township) Reinforced Box Culvert (RCB) Project (in the amount of $214,228), as well as the N26 Lincoln (Township) RCB Project (in the amount of $314,704).