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Commission amends and approves $650 million bond resolution tied to Vanderbilt University Medical Center
Summary
Montgomery County commissioners amended Exhibit A of a bond-related resolution and approved resolution 25‑12‑3, which endorses issuance of about $650 million in bond proceeds to Vanderbilt University Medical Center for facility improvements including projects in Montgomery County.
The Montgomery County Board of Commissioners voted Dec. 8 to approve resolution 25‑12‑3 after adopting a red-line amendment to Exhibit A to correct an address. The resolution concerns the issuance of not-to-exceed proceeds of approximately $650,000,000 by the Health and Educational Facilities Board of the Metropolitan Government of Nashville and Davidson County to be loaned to Vanderbilt University Medical Center and affiliates, in part to finance improvements to VUMC facilities located in Montgomery County.
Commissioner Smith identified the amendment as a red-line change to Exhibit A that updates a property address; the commission voted to amend the resolution and then to approve the resolution as amended. The clerk announced each vote as 20 yes, 0 no, 0 abstentions. No further discussion about project scope or local conditions was recorded on the transcript.
The measure was taken up after the consent agenda and, per the clerk’s reading, passed unanimously as amended. The resolution text on the agenda describes the loaned proceeds and the local facility improvements; the transcript does not include additional project-level budgets or implementation timelines.
