County sets fee for Trinity bond

The Ward County Commission set an administrative fee of $41,730 on the $380 million bond issue that Trinity Health expects to sell this month to finance a new medical complex in southwest Minot.

The county can collect a fee for sponsoring and monitoring the 30-year bond.

Trinity attorney David Hogue urged the commission to consider the economic benefits of the hospital project and waive the fee, as it did previously with a bond refinancing. The commission voted 3-2 to assess a fee because of the number of years on the bond.

In other business, the commission:

– gave preliminary approval to a plan to use hazard mitigation grant dollars to pay 75 percent of the cost of raising nine houses at Rice Lake to protect them from flooding. The Ward County Water Resource Board’s collection of the 25 percent cost share from property owners must occur prior to the project proceeding.

– agreed to clean up the exterior and assess the house interior on property obtained for back taxes in Kenmare. The county also will look into criminal prosecution of the previous owner for damages occurring after eviction.

– elected Alan Walter as chairman and Jim Rostad as vice chairman of the commission for the coming year.

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