City of Mentor Resolution 26-R-106 Bond Issuance Approval
Mentor Backs $165M Bond Issue for Senior Living
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Description
The City of Mentor approved, for TEFRA purposes, the issuance of up to $165,000,000 in revenue bonds by the Public Finance Authority on behalf of KingsPath Senior Ministries Inc. to finance assisted living and memory care facilities including the Salida Woods Project. The action satisfies federal and Wisconsin public approval requirements but does not obligate the City financially.
Contract Details
Contract Amount
Not to exceed $165,000,000
Vendor
PUBLIC FINANCE AUTHORITY
Agency
City of Mentor, OH
Contract Type
FINANCIAL_SERVICES
Document Date
March 17, 2026
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