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Board approves lease‑revenue bond authorization and moves to buy Bascom clinic, citing long‑term savings
Summary
The Santa Clara County Board of Supervisors authorized a lease‑revenue bond issuance and approved purchasing the Bascom Station clinic, with staff projecting about $2.5 million in annual savings and roughly $112 million over 30 years versus continuing to lease.
The Santa Clara County Board of Supervisors on Jan. 13 authorized the issuance of lease‑revenue bonds to finance a county purchase of a clinical facility near Valley Medical Center and opened/closed the required public hearings for the related actions.
Administration described two linked items: item 8 to authorize lease revenue bonds "to not exceed $450,000,000 aggregate principal," and item 9 to exercise a purchase option on the Bascom Station clinic. James, the…
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