Jim Christie, co-owner of Comvest Ltd.
Inc. in Bridgeport, discussed the request with council.He presented the inducement resolution which would allow the city to issue a commercial development revenue bond on behalf of the Wirt County Health Services Association, which is establishing the Wellness Center on Washington Street.He
said because of the center's tax-exempt status, it cannot issue those bonds itself.Christie
said the center is asking for $1.5 million worth of bonds to be sold, although they do not anticipate the building and equipping of the center to cost more than about $1.2 million.He
said the extra money would serve as a cushion for unanticipated costs.Christie
said no liability would fall on the city or council members and approving the request is "just an indication of willingness" to be the conduit.A public meeting will be scheduled before bonds can be sold.