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MBA discusses quick-claim transfer and schedules public hearing on $1.447 million lease-revenue bond for clinic
Summary
Board discussed using a quit-claim deed to transfer county property to the MBA, clarified that bond and lease documents are separate instruments, and confirmed a public hearing and resolution to authorize a $1,447,000 lease-revenue bond for the health and social services center.
During the meeting, the authority turned to property and financing steps needed to move the health and social services center forward.
Speakers discussed preparing a quit-claim deed with a legal description to transfer county property to the Municipal Building Authority. Multiple speakers advised the quick-claim deed would facilitate the transfer while bond and lease documents would remain separate: the bond would set payment terms and the lease language…
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