title
Conduct a public hearing required by the Tax and Equity Fiscal Responsibility Act of 1982 (TEFRA) and consider adopting a resolution approving the issuance of revenue bonds by the California Municipal Finance Authority (CMFA), for the benefit of HealthCore Vacaville, LLC (Borrower), in an amount not to exceed $80,000,000 for the purpose of financing and/or refinancing certain costs of the acquisition, construction, expansion, remodeling, renovation, furnishing, equipping and/or improvement of the health facilities, including real estate, owned and operated by NorthBay Health Advantage, LLC, located within Solano County at 1020 Nut Tree Road, Vacaville, California
body
Published Notice Required? Yes _X__ No _ _
Public Hearing Required? Yes _X__ No _ _
DEPARTMENTAL RECOMMENDATION:
It is recommended that the Board of Supervisors conduct a public hearing required by the Tax and Equity Fiscal Responsibility Act of 1982 (TEFRA) and consider adopting a resolution approving the issuance of revenue bonds by the California Municipal Finance Authority (CMFA), for the benefit of HealthCore Vacaville, LLC (Borrower), in an amount not to exceed $80,000,000 for the purpose of financing and/or refinancing certain costs of the acquisition, construction, expansion, remodeling, renovation, furnishing, equipping and/or improvement of the health facilities, including real estate, owned and operated by NorthBay Health Advantage, LLC, located within Solano County at 1020 Nut Tree Road, Vacaville, California.
SUMMARY:
The Borrower has requested that the CMFA participate in the issuance of one or more series of tax-exempt revenue bonds in an aggregate principal amount not to exceed $80,000,000 (the "Bonds") for the purpose of financing certain costs of the acquisition, construction, expansion, remodeling, renovation, furnishing, equipping and/or improvement of the health facilities, including real estate, to the Borrower and located at 1020 Nut Tree Road, V...
Click here for full text