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Public hearing Tuesday morning in Atlantic on refinancing of CCMH bonds

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December 4th, 2016 by Ric Hanson

Officials with the Cass County Health System (CCHS) report a Public Hearing will be held Tuesday morning (Dec. 6th) in Atlantic, with regard to the issuance of Revenue Refunding Bonds in an aggregate amount not to exceed $21-million . The Cass County Memorial Hospital (CCMH) Board of Trustees Special Meeting takes place in CCMH Conference Room 1, beginning at 8-a.m.

The purpose of refinancing, according to officials, is to take advantage of the current low interest rate. Following the Public Hearing, the Board will act on approving a Resolution “Authorizing and Approving Supplements to an indenture of Trust Providing for the issuance of Revenue Refunding Bonds in an Aggregate Amount not to Exceed $21,000,000 (21-million dollars), Bond Purchase Agreement Providing for the Sale of Bonds and Other Documents Relating to the Bonds.”