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Attorney: $942 million Ohio bond issue will include up to about $38 million for Lorain County Mercy facilities; bonds not county debt
Summary
Outside bond counsel told the Lorain County commissioners that an Ohio bond issuance for Mercy Health will be issued by Allen County and could be up to $942 million statewide, with about $38 million attributable to projects in Lorain County; counsel said the bonds do not obligate Lorain County to repay them.
An outside attorney representing the hospital system told the Lorain County Board of Commissioners on March 20 that a proposed Ohio bond issuance for Mercy Health is sized at a not-to-exceed $942 million statewide and that roughly $38 million of that total is attributable to facilities in Lorain County.
Reginald Staples, introduced as an attorney and partner with the law firm named in his presentation, said the issuance would be made by Allen County…
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