Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Debt And Finance topic
No spam. Unsubscribe anytime.
Board authorizes up to $1.8M payoff of 2013 medical facility bond, sets prepayment schedule
Summary
San Juan County authorized up to $1.8 million to pay off a 2013 medical care facility bond and set an amended annual prepayment schedule of $240,000 beginning in 2027 and continuing through 2032 (5.5 years).
The San Juan County Board of Commissioners voted July 21 to authorize paying off the medical care facility 2013 bond in an amount not to exceed $1,800,000. The board also approved amending the county's annual prepayment schedule to provide $240,000 per year, beginning in 2027 and continuing through 2032 (a 5.5‑year schedule).
Commissioners praised facility leadership for recent financial improvements and noted the decision reflects the facility’s stronger position. The authorization directs use of general‑fund resources for the payoff and empowers the board chair to sign necessary agreements. The motion carried on a voice vote.
Board members said the authorization both reduces long-term debt and recognizes improved facility operations; the item was recorded as FADash077Dash23 on the agenda.
