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Board authorizes payoff of Medical Care Facility 2013 bond up to $1.8 million
Summary
The board authorized paying off the Medical Care Facility 2013 bond in an amount not to exceed $1.8 million and approved an amended repayment schedule; the motion carried after discussion July 21.
The Sanilac County Board voted to authorize paying off the Medical Care Facility 2013 bond in an amount not to exceed $1.8 million, with funding from the general fund, under motion FA-077-23(A). The motion included an amendment to the annual repayment schedule to the county; the minutes contain overlapping date references (the text lists dates '2024 2027 through 2037 2032') that were recorded in the motion language.
Commissioner Bill Sarkella moved the motion and Commissioner John Moody seconded; after discussion the motion carried. The minutes record the authorization and the board’s direction for the chairman to sign the necessary agreement. The minutes do not provide the final repayment schedule detail beyond the text recorded in the motion.
