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PBC moves forward on hospital bond issuance; disclosure notices accepted for underwriter
Summary
The Public Building Commission accepted an engagement letter for bond counsel tied to a hospital refinancing (up to $8,000,000) and acknowledged required disclosure statements for Raymond James to act as underwriter; one abstention was recorded on the disclosure acknowledgement.
During the Public Building Commission session, staff recommended accepting an engagement letter with Triplett Wolf Garretson as bond counsel for a hospital bond issuance with an estimated authorization of up to $8,000,000. Staff noted clerical corrections to the hospital's legal name and recommended approval.
The commission also reviewed mandatory dealer and transaction-specific disclosures for Raymond James to serve as underwriter, including the standard disclosure that Raymond James "is not acting as a fiduciary in this case to the issuer." The commission acknowledged the disclosures and approved the engagement; one commissioner abstained on the record.
