Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Trumbull County holds public hearing on Salem hospital facilities revenue bonds for Shepherd of the Valley
Summary
Trumbull County commissioners conducted a public hearing on proposed hospital facilities revenue bonds to refinance projects in the City of Salem for Shepherd of the Valley; officials said the debt would be an obligation of the city and of Shepherd of the Valley, not of the county. The hearing was taken under advisement and no public objections or
Trumbull County commissioners opened a public hearing on proposed hospital facilities revenue bonds to be issued by the City of Salem, Ohio, to refinance projects associated with Shepherd of the Valley. Blake Beachler, bond counsel to Trumbull County, said the hearing was held to satisfy the Internal Revenue Code’s public-comment requirement for medical facility financings.
The hearing matters because federal tax rules require public notice and comment for certain tax-exempt financings and the board must record that opportunity before consenting to the financing arrangements. Beachler said the bonds would be issued by Salem and that repayment would be an…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
