Economic Development Corporation Board
Agenda — 1 item
- Friendship Village of Kalamazoo Project Bond Authorizing Resolution <strong>(Action: Motion to adopt the resolution authorizing the issuance and sale of limited obligation revenue bonds (Friendship Village of Kalamazoo Project), series 2026 in an aggregate principal amount not to exceed $120,000,000, for the purpose of making a loan to Lifecare, Inc. dba Friendship Village, a Michigan Nonprofit Corporation, for the purposes described herein; authorizing the execution and delivery of the loan agreement, the cold indenture, the bond purchase agreement, and approving certain other documents with respect thereto; approving distribution of the preliminary official statement and the official statement; and authorizing and determining other matters relative thereto.) (3-5 min)
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