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Board approves TEFRA hearing for $80M tax‑exempt bond to support NorthBay/HealthCorps Vacaville expansion
Summary
The board held a TEFRA hearing and approved a resolution allowing the California Municipal Finance Authority to issue up to $80 million in tax‑exempt revenue bonds for HealthCorps Vacaville/NorthBay Health Advantage to finance facility improvements, including a 4,000‑sq‑ft oncology expansion; county staff said the county bears no liability.
The Solano County Board of Supervisors on Dec. 21 conducted the required TEFRA public hearing and approved a resolution that clears the way for the California Municipal Finance Authority to issue tax‑exempt revenue bonds of up to $80 million for the benefit of HealthCorps Vacaville (the borrower) and NorthBay Health Advantage.
Denise Dix, assistant treasurer-tax collector and county clerk,…
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