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County Council approves $7.5 million economic development bond for Collington Episcopal Life Care Community
Summary
The council voted 6-0 to move CR 39 favorably and ultimately adopt a resolution authorizing up to $7.5 million in economic development revenue bonds to loan proceeds to Collington Episcopal Life Care Community, a nonprofit life-care community in the county.
Prince George's County Council members approved CR 39-20-25 on April 1 to authorize economic development revenue bonds in an aggregate principal amount not to exceed $7,500,000 to be loaned to Collington Episcopal Life Care Community, a nonprofit life-care community in Prince George's County.
The council convened as the Committee of the Whole earlier in the day to consider CR 39. A…
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