Commissioners approve conduit bond resolution for Daniel's Memorial Health Care Center

Daniels County commissioners voted March 16 to approve Resolution 2026-7 authorizing the county to act as a conduit issuer for an industrial development bond on behalf of Daniel's Memorial Health Care Center.

At the March meeting, attorney and bond presenter Nathan Billu summarized the measure’s legal limits and financing cap, telling commissioners the statute governing conduit issuances requires that the notes be ‘‘limited obligation bonds’’ and that the county ‘‘will not incur any pecuniary liability or charge on its general credit’’ as a result of the transaction. Billu said the resolution authorizes up to $35 million of issuance while the project’s current financing plan anticipates roughly $32 million.

The resolution calls a final public hearing on April 6 and requires a loan agreement at closing that will place operational and repayment obligations with the hospital. Billu said the loan agreement would include indemnities protecting the county and its officials from claims arising from construction, operation or other liabilities.

Commissioners moved, seconded and approved the resolution. No county permits, zoning approvals or other discretionary county actions were granted by the vote; commissioners and Billu emphasized the narrow purpose of the approval: to permit bond financing and to schedule the statutorily required hearing.

The hospital and bond counsel will return with final documents and the public notice for the April 6 hearing. The county’s action ties only to the financing mechanism and, according to Billu’s presentation, explicitly limits any municipal liability associated with the bond issuance.