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Bond Rate For Hospital Bonds Renewed

Setting the bond rate for the Multi-Modal Health Center Revenue Bonds for Hedrick Medical Center was approved by the Chillicothe City Council.  City Attorney Robert Cowherd addressed the City Council about the issue.  Cowherd says the original bonds were issued in 2012 and are due for renewal.

St Luke’s also chose to extend the operating agreement for that five-year period.

The bonds are expected to be paid in 2043.