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Council approves modification to Village at Rockville financing; city acts as conduit issuer
Summary
Rockville held a public hearing and adopted a resolution to amend economic development revenue bonds previously issued for the Village at Rockville senior living facility, extending the bonds' maturity by three years. City staff said the bonds are conduit debt and will not affect the city's general obligation credit.
The Rockville Mayor and Council on June 16 held a public hearing and then adopted a resolution authorizing administrative amendments to economic development revenue bonds issued for the benefit of The Village at Rockville, a senior living project at 9701 Viers Drive.
Stacy Webster, senior staff presenting the item, said the borrower — Village at Rockville Inc. (a National Lutheran Home…
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