Economic Development Commission approves Resolution 120325 to back Hancock Regional's Kroger-area project
The New Palestine Economic Development Commission voted to approve Resolution 120325, a supplemental financing package tied to Hancock Regional Hospital's project that requests $1.5 million in bonds (about $1.27 million to the project); a public hearing drew no comments.
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The New Palestine Economic Development Commission voted to approve Resolution 120325, providing final approval for Hancock Regional Hospital's revised project and a supplemental financing arrangement. The resolution authorizes a financing structure tied to the hospital's 2020 bond issue and will move to the town council for consideration as required.
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