Hagerstown City Council briefs 11/21
Revenue bonds given to pair of nonprofits
The Hagerstown City Council voted unanimously Tuesday to issue $4.2 million in revenue bonds for two nonprofit groups planning to use the money to build new facilities in Hagerstown.
A public hearing on the issuance of the bonds held before the council vote drew no public comments.
Mayor William M. Breichner has said the city is not at risk for repaying the bonds because they are revenue bonds to be repaid solely by the groups receiving the money. He said the bonds will not affect the city's bond rating.
The city issued limited obligation bonds for the Washington County Mental Health Center and the American Jail Association.
The Mental Health Center wanted about $3 million in bonds to pay for the construction and equipping of a building at 1180 Professional Court in Hagerstown.
The jail association wanted $1.2 million in bonds to pay for the construction and equipping of a building at 1135 Professional Court in Hagerstown.