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Council approves Nashville‑issued tax‑exempt bond resolution for Vanderbilt helicopters to serve Cookeville
Summary
Cookeville approved a resolution allowing the Metropolitan Nashville health and education facilities board to issue tax‑exempt debt to finance aircraft for Vanderbilt University Medical Center, including a helicopter to be based in Cookeville; staff said the financing creates no liability for the city.
The Cookeville City Council on May 15 adopted a resolution approving the issuance of tax‑exempt revenue bonds (or other tax‑exempt debt) by the Health and Education Facilities Board of Metropolitan Nashville and Davidson County to benefit Vanderbilt University Medical Center (VUMC). The resolution permits VUMC’s financing even though a portion of the…
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