GreatRiverEnergy1Jamestown (CSi) The Stutsman County Commission has approved $7.1 million for bonds for the Great River Energy road.

There were bonds bids with the bid accepted, for a 3.2378 percent interest rate from Raymond James Investors. Currently, an average rate for such a bond would have been about 3.8 percent.

The borrowed money will all be paid back through special assessments, with Great River Energy paying 40 percent of the cost, and the Spiritwood Energy Park Association to pay 60 percent.

The project consists of an upgrade to a L-shaped section of road, which is a portion of 93rd Avenue Southeast.

Also, a section of 35th Street Southeast between 93rd and Stutsman County Highway 62.

The gravel roads, will be upgraded to Interstate-level, to be usable by all commercial vehicles.