Warren County commissioners voted unanimously to adopt a resolution authorizing the issuance of not-to-exceed $50,000,000 in health care facilities improvement revenue bonds, Series 2025, for the Otterbein Homes obligated group.

The resolution, introduced by bond counsel representatives and presented in the commissioners' meeting, authorizes execution of lease and sublease agreements, an indenture of trust to secure the bonds, a bond purchase agreement, and related documents including a tax certificate and agreement.

Julia (bond counsel representative, Brooker Bridal) described the financing as a conduit structure similar to a deal completed last year and said the county would not be assuming the debt. “The county's not—it's not the county's debt,” she said during her presentation.

Commissioners took a roll call vote after a motion and second; Commissioners Grossman, Young and Jones voted yes.

Because the county is acting as a conduit issuer, county staff and bond counsel said the obligation rests with the Otterbein Homes obligated group and not with Warren County's general fund. The resolution text covered procedural authorizations for sale, execution of financing documents and related ministerial actions necessary to close the transaction.

The board did not provide additional public discussion on the item before the vote. No amendments were offered on the record.