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Council amends IDA resolution to allow larger bond for proposed San Luis hospital; declares emergency
Summary
Council approved an amended resolution to increase the Industrial Development Authority bond authorization from $80 million toward a proposed Regional Center for Border Health hospital to a $100 million cap, and declared an emergency because the TEFRA hearing authorization expires Oct. 2.
San Luis City Council adopted an amendment to a previous resolution to permit an increase in the Industrial Development Authority (IDA) bond authorization tied to a proposed hospital project by the Regional Center for Border Health. An attorney representing the IDA told the council the original resolution approved Oct. 2 authorized up to $80 million for the bond issue; because construction bids and…
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