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Council approves $110 million IDA bond authorization to support Regional Center for Border Health project
Summary
Council authorized an increased Industrial Development Authority bond issuance (resolution 23-90) to help finance the Regional Center for Border Health facility; bond counsel said the amount rose to $110 million to account for cost increases and the council declared an emergency and approved the measure.
The San Luis City Council voted Jan. 24 to adopt Resolution 23-90 authorizing the Industrial Development Authority to issue debt for the Regional Center for Border Health project and declared an emergency to expedite action.
Bond counsel reviewed the item’s history: the IDA previously authorized a smaller amount and the resolution has been…
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