Public hearing April 8 on long-term debt proposal to refinance costs of Pinal County projects


The Pinal County Board of Supervisors will be looking at a long-term debt proposal to refinance the costs of projects in Pinal County.

The long-term debt will be used to refinance all or a portion of the payments due pursuant to a First Purchase Agreement, dated as of Aug. 1, 2010, between the county and The Bank of New York Mellon Trust Company, N.A., a portion of the proceeds of which financed the costs of medical service facilities and administrative facilities, according to a release.

The total estimated financing cost will be $12,061,256.25, consisting of an estimated principal amount of not to exceed $9,255,000 and total estimated interest of $2,806,256.25.

The public hearing is scheduled to take place during the Pinal County Board of Supervisors' meeting at 9:30 a.m. Wednesday, April 8, in the Hearing Room at 135 N. Pinal St. in Florence

The supervisors will hear this item as part of a public hearing during the regularly scheduled meeting. The public is invited to comment on this issue at the public hearing or by emailing You can also mail your comments to the following address: Pinal County Board of Supervisors, c/o Natasha Kennedy, Clerk of the Board, P.O. Box 827, Florence, AZ 85132.

The full public notice is at