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Public Hearing to be Held for WCHC Bond Agreement

Posted: Wednesday, September 30th, 2015 at 6:21 am
Author: Sally Y. Hart - KCII News

A public hearing regarding a loan agreement between Washington County Hospital and Clinics and Washington County will be held October 20th. The loan agreement is to issue general obligation bonds not to exceed $14.9 million. In their regular session meeting Tuesday, the Washington County Board of Supervisors approved establishing an urban renewal area for WCHC with a 4-1 vote. These steps are being taken in an effort to save approximately $3.8 million in interest by moving the revenue bonds to general obligation bonds. WCHC will continue to pay the bonds, but they will be held under the county’s debt.