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Mentor Council adopts resolution approving bond issuance for senior-care financing; one member recuses
Summary
Council adopted Resolution 26-R-106 allowing a public finance authority to issue tax-exempt bonds on behalf of King's Path Senior Ministries Inc. (not to exceed $165 million); one councilmember recused from the vote for a potential conflict of interest.
After a public hearing held at the March 17 meeting, the Mentor City Council adopted Resolution 26-R-106, signaling no objection to the issuance of tax-exempt bonds by the Public Finance Authority on behalf of King's Path Senior Ministries Inc., not to exceed $165 million.
Mr. Zeeman explained that the city's approval does not authorize the bonds or…
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