008 of 1988 - Industrial Development Revenue bonds and Hospital Revenue refunding bonds 0 S�-'I
#1. RE: Industrial Development Revenue Bonds, hospital revenue
refunding bonds (IHC Hospitals, Inc. ) .
ACTION: Councilmember Fonnesbeck moved and Councilmember
Kirk seconded to adopt Resolution 8 of 1988 authorizing the issuance
and confirming the sale by Salt Lake City of its (i ) Hospital Revenue
Refunding Bonds, Series 1988-A (IHC Hospitals, Inc. ) in the
approximate aggregate principal amount of $66, 540,000 and (ii)
Hospital Revenue Refunding Bonds, Series 1988-B (IHC Hospitals, Inc. )
in the approximate aggregate principal amount of $15,060,000, the
total aggregate principal amount of which Series 1988-A and Series
1988-B Bonds will not exceed $110,000,000, for the purpose of
refinancing certain health care facilities owned and operated by IHC
Hospitals, Inc. and located both inside and outside the boundaries of
Salt Lake City, Utah; authorizing the execution and delivery of loan
agreements, indentures of trust and pledge, a purchase contract and a
first supplemental indenture in connection with such transaction;
repealing all ordinances, resolutions or portions thereof in conflict
with the provisions of the resolution; and related matters, which
motion carried, all members voted aye.
(Q 88-1)
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