Boulder plans to close $40M purchase of hospital campus Dec. 4

BOULDER — The city of Boulder said on Thursday it expects to close the $40 million deal to purchase Boulder Community Health’s former campus on Broadway on Dec. 4.

The public sale of certificates of participation that will finance the purchase over 30 years carry an interest rate of about 3.6 percent, with annual payments of $2.9 million. The original estimate provided to the Boulder city council on Sept. 15 was that payments would be between $3.1 million and $3.2 million per year.

The city said the certificates of participation’s strong ratings, and the city’s…