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Auditor reminds commissioners of TEFRA hearing for Shepherd of the Valley next Wednesday
Summary
Trumbull County auditor reminded commissioners that a TEFRA hearing related to conduit financing for Shepherd of the Valley is scheduled next Wednesday at 10 a.m.; the clerk will verify whether agenda language needs to be added.
Trumbull County Auditor Bart Theodore reminded commissioners that a TEFRA hearing concerning a conduit financing issue for Shepherd of the Valley has been scheduled for next Wednesday at 10 a.m.
The auditor said the hearing is required for the proposed refinancing and that Shepherd of the Valley had scheduled the hearing for the county’s venue. The clerk said she would check whether any specific language needed to be added to the board’s agenda for the hearing.
The auditor emphasized that the county itself does not receive proceeds from the conduit financing; the county’s role is to hold the TEFRA hearing as part of the conduit bond process. Commissioners acknowledged the reminder and staff said they would ensure the item appears on the agenda if required.
