midland-village-agenda-2024-11-11_a6d.pdf
Midland Approves $355M Senior Living Bond Refinance
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Description
The Midland City Council approved jurisdictional consent for the Arizona Industrial Development Authority to issue up to $355 million in tax-exempt bonds, refinancing Independence Village of Midland and seven related facilities. The action fulfills federal IRS requirements for local approval and involves no financial obligation by the city.
Contract Details
Contract Amount
Not to exceed $355,000,000 (bond principal)
Vendor
ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY
Agency
Midland village, OH
Contract Type
FINANCIAL_SERVICES
Document Date
November 11, 2024
Renewal Info
Approval is a one-time jurisdictional consent; no term or renewal applicable.
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