Item #21
Regular City Council Meeting
City approves $60M bond issuance for Noland Health Services refinancing
$60.0M
, Red tier (over $1 million)
The city's Special Care Facilities Financing Authority will issue revenue bonds to help Noland Health Services refinance existing debt. This is a financial arrangement between the city's authority and a healthcare operator—citizens should know about large public financing vehicle
Counterparty:
Noland Health Services, Inc.
Funding source:
Bond
Action type:
Resolution
passed
7–0