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St. Paul HRA approves up-to $300 million conduit bond refinancing for HealthPartners projects
Summary
The St. Paul Housing and Redevelopment Authority voted 5-0 to authorize issuance of conduit revenue bonds of up to $300 million to refinance prior bonds for HealthPartners’ obligated group, including about $114 million attributable to Regions Hospital; the bonds are limited obligations of the HRA and not backed by the city’s taxing power.
The St. Paul Housing and Redevelopment Authority on Monday voted 5-0 to authorize issuance of conduit revenue bonds of up to $300 million to refinance prior bonds for the HealthPartners obligated group, including approximately $114 million attributable to Regions Hospital.
The measure, introduced as a resolution authorizing conduit revenue bonds under Minnesota Statutes section 469.152 through 469.1655, was described by staff as a refinancing of bonds the HRA previously…
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