The Wright County Board awarded $52,235 in general obligation jail bonds for the jail/law enforcement center Tuesday.
The county will receive the funds in early December, and, until the money is drawn down for the jail project, it will be invested in local financial institutions. All of the bond proceeds will stay in Minnesota, and most will remain in Wright County.
Wright County Auditor/Treasurer Bob Hiivala commended the local banks.
“They really were aggressive. They gave us a higher rate than we could get nationally,†Hiivala said.
He added that the cooperation of the local banks allowed him to put together a partnership that will benefit the banks, the county, and the citizens of Wright County.
Until it is needed, money from the bond proceeds will be invested at Kline Bank of Buffalo, Premiere Bank of Monticello, Highland Bank of Minneapolis, Security State Bank of Howard Lake, and Bank West of Buffalo.
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