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County seeks Public Building Commission appointees to enable hospital bond refinancing
Summary
Bond counsel said the Public Building Commission must be reconstituted quickly to permit refinancing of 2016 revenue bonds tied to a hospital project; county will ask the hospital district to propose nominees for five seats so the commission can act on a refinancing calendar.
Kevin Cowan of Gilmore & Bell, bond counsel for the Public Building Commission, told commissioners the commission has been largely inactive since a 2017 refinancing and will need new or reappointed members to act on a proposed refinancing of outstanding 2016 revenue bonds.
Cowan said the outstanding 2016 bonds have a redemption date of Sept. 1 and that federal tax rules permit the county to close a refinancing financing after June 1. He described a short calendar from the…
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