The Mary Imogene Bassett Hospital is in the process of refinancing 2011 and 2015 Otsego Bonds as part of a debt restructuring plan.  2018 Series A is refinancing of 2011 CRC bonds and 2015 Otsego CRC bonds.  The applicant would like to finance $13 Million of equipment replacement items through a 2018 Series B drawdown bond issue.  The 2018 Otsego Series A refinancing bond issue will be approximately $49 Million and the 2018 Otsego Series B equipment drawdown bonds will be approximately $13 Million for a total of $62 Million.

Templeton Foundation will also be refinancing Otsego 2011 A bonds as part of a debt restructuring plan to replace the lend for the Direct Bank Placement Bonds.  The total $12 Million refinancing will also refinance several loans outstanding for primary care and administrative buildings leased by Templeton to Bassett.

 

Bond Documents


 

 

Resolutions


 

 
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