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Renville County awards $10 million in road bonds

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OLIVIA — An upgraded credit rating on the eve of the bond sale had the desired effect for Renville County.

The County Board of Commissioners awarded a $9,995,000 general obligation capital improvement bond Tuesday with a true interest rate of 2.664 percent over its 15-year term.

Piper Jaffray of Kansas City, Mo., offered the awarded bid.

The county learned Friday evening that Moody’s had upgraded its bond rating to Aa2, said Sara Folsted , county administrator.

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Tom Cherveny
Tom Cherveny is a regional and outdoor reporter with the West Central Tribune in Willmar, MN.
(320) 214-4335
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