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6:20 am
Wed October 31, 2007

Board to Hold Bond Hearing

Carthage, IL – The Hancock County Board has agreed to hold a hearing that could provide bonds for Carthage Memorial Hospital.

The bonds would be issued under the sponsorship of the Western Illinois Economic Development Authority.

Authority Director Charles Bair says his agency has issued no other bonds this year, so the hospital would be able to use the full $10 million dollars possible in one year.

The hospital could use the bonds as part of the financing for a proposed new complex in Carthage.

The new hospital is still in the early design phase. A December hearing is scheduled on whether the hospital will receive a certificate of need from the state.

More information:

The hearing on the bond issue will be Nov. 20 at 6:30 p.m. in the Hancock County Board meeting room.

The proposal will then pass to the Western Illinois Economic Development Authority board.