Chesapeake Bay Conference Center reserve draw needed to make payment

By Caroline Salls

Pittsburgh, June 2 – The Chesapeake Bay Conference Center Project’s series 2006 A, B and C Medco project and refunding revenue bond trustee had to draw $2.92 million against a debt service reserve on Tuesday to cover interest payments due on the A and B bonds, according to a notice.

The trustee said the current debt service reserve balance is $1.99 million.

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