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Warren County commissioners approve resolution enabling up to $50 million in conduit bonds for Otterbein Homes
Summary
The board voted unanimously to adopt a resolution authorizing issuance of up to $50 million of tax-exempt revenue bonds to finance health-care facility improvements for the Otterbein Homes obligated group; county staff said the bonds would be conduit debt and not county general-obligation debt.
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…
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