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Will Fund Expansion and Refinancing
Thu August 16, 2012
McDonough County Approves Wesley Village Bonds
The McDonough County Board has approved the use of part of its bonding authority to fund several projects at Wesley Village in Macomb.
The county will not bear any liability for the bonds.
Wesley Village can use up to $6.5 million of that authority. CEO Shelly Ward says the nursing home plans to use about $1.3 million on four projects. About $4.8 million will refinance existing debt.
Ward says the facility has limited seating for events. The biggest construction project will remedy that with a new 250 seat community center.
She says, “We're going to do as much as we can this fall and then finish up in the spring whatever we have left. We've got three or four different big projects here so it's going to kind of depend on contractors, getting supplies and those kind of things.”
The other projects include an expansion of the physical therapy department that will triple its size. That will allow the department to add outpatient physical therapy for the first time. New porches will also be added to the front and back entrances of the current building. It will also be tuckpointed.
Ward says the bonds should be issued early in September.