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Richland County approves up to $6M tax-exempt lease to finance Vida Health System cancer equipment
Summary
The Richland County Board approved a resolution allowing the Richland County Port Authority to issue a tax-exempt lease obligation not to exceed $6 million to finance medical equipment for Vida Health System’s cancer center; commissioners voted unanimously.
The Richland County Board of Commissioners voted unanimously to allow the Richland County Port Authority to issue a tax-exempt lease obligation of up to $6,000,000 to finance medical equipment for Vida Health System’s recently opened cancer center.
Bond counsel Ellie Kimbler told the board the resolution would approve a tax-exempt financing in the form of a master lease and sublease, with proceeds to be used to purchase medical equipment. "The Richland County Port Authority will be the issuer," Kimbler said, and she clarified that, as a…
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