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Board holds required public hearing on Montage Health bond refinancing; county role described as ministerial
Summary
County staff held the federally required public hearing under section 147(f) for Montage Health tax-exempt refinancing, emphasizing the county is not a party to the debt and assumes no financial liability; no public comment was received and the board approved the resolution unanimously.
The board held a public hearing required by federal tax rules (Internal Revenue Code Section 147(f)) on proposed tax-exempt financing for Montage Health to refinance bond obligations.
Assistant CAO Michael Beaton explained that the county’s role is limited to conducting the public hearing and considering the related resolution; he emphasized that “the county is not a party to the issuance of the bonds and assumes no financial liability, no responsibility for repayment, and no responsibility for the tax exempt status of the bonds.” Montage Health was on the call and no public speakers appeared in chambers or online. The board voted unanimously to approve the resolution associated with the hearing.
