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Board holds required public hearing, approves resolution for North Hills Christian School tax‑exempt bond financing
Summary
After a brief public hearing with no public comments, the Rowan County Board of Commissioners approved a resolution to hold the public hearing required under federal tax rules and to allow issuance of tax‑exempt revenue bonds up to $18 million for North Hills Christian School.
The Rowan County Board of Commissioners held a statutorily required public hearing Feb. 16 on a proposed tax‑exempt revenue bond issuance to benefit North Hills Christian School. Connor Cruz of McGuireWoods, counsel for the school, explained the structure: a public finance authority in Wisconsin would issue 501(c)(3) revenue bonds for the school, which would refinance prior campus improvements and fund a new…
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