Consolidated Irrigation District Secures Funds to Finance Land Acquisitions and Construction of Groundwater Percolation Basins

Served as bond counsel on a privately placed installment purchase agreement with CoBank.  The facility allows the District to borrow up to $25,000,000 in multiple advances over the next four years for the purpose of financing land acquisitions and the construction of groundwater percolation basins, thereby enabling the District to meet its obligations under the Sustainable Groundwater Management Act.  The District can elect to draw funds at fixed or variable rates.