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Crawford County approves resolution to enable hospital’s $98 million tax‑exempt refinancing
Summary
The county board approved a resolution to allow the hospital authority to pursue roughly $98 million in tax‑exempt borrowing — about $78 million to refinance existing bonds and $20 million for capital projects — after hearing the authority’s presentation and a recommendation from the hospital CFO.
The Crawford County Board of Commissioners voted March 25 to authorize a resolution enabling the Crawford County Hospital Authority to issue tax‑exempt financing that hospital representatives said would total about $98,000,000.
A representative of the hospital authority asked the board to execute the resolution, saying the authority has met and heard from the hospital’s chief financial officer, who explained that roughly $78,000,000 of the borrowing would repay an outstanding bond issue…
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