Industrial development bonds approved for mega-dairy near Pennock
WILLMAR - The Kandiyohi County Commissioners took action today to be the "conduit" for $20 million in industrial development revenue bonds for Meadow Star Dairy LLC.
Developers intend to use the bonds to finance the construction, acquisition and installation of equipment to handle manure for the 9,590 head dairy operation that will be built near Pennock.
There will be no financial risk to the county by issuing the bonds, which still must be ap-proved by the Minnesota Department of Employment and Economic Development.
As part of their re-organizational meeting, Commissioner Dennis Peterson was elected as chairman for 2009 and Commissioner Richard Falk was elected vice-chairman.
Read more on this story Wednesday in the West Central Tribune.