WARREN — The Trumbull County Commissioners unanimously approved a resolution allowing Shepherd of the Valley to refinance Trumbull County backed tax bonds that were used in 2013 to finance a building project in the county.

The nonprofit now wants to allow Salem to refinance the bond, so the company can build a new multimillion dollar facility in Salem. Retiring the Trumbull bond will assist in allowing Salem and Shepherd of the Valley in the financing of the debt of the new Columbiana County facility.

“This is not a debt of the county, it is solely the debt of the city of Salem,” said attorney Blake Beachler, who represents Trumbull as a bond counselor. “It is the obligation of the Shepherd of the Valley to pay debt service solely with them.”

Shepherd of the Valley’s debt on the 2013 tax bond is approximately $28,560,000.

The nonprofit cannot, by law, seek a bond itself without going through a governmental agency, such as a city, a county or through a port authority, Matthew A. Stuczynski of MAS Financial Advisory Services LLC told the commissioners during a previous meeting.

Shepherd of the Valley is in the process of building a new facility in Salem to expand its geographic footprint outside of facilities it currently operates in Trumbull and Mahoning counties.

Shepherd of the Valley has a campus in Howland on North River Road consisting of 98 condos, 55 assisted living suites and 65 skilled nursing beds. Its newest Trumbull campus is located in Liberty on Tibbetts Wick Road and has 30 apartments, 59 assisted living suites and 79 skilled nursing beds.

The new Columbiana county facility will consist of 36 assistant living and 36 condo villas to start and then 52 independent market apartments. The cost of the project is about $60 million.

The obligation of repayment of the debt will be the responsibility of Shepherd of the Valley, according to Blake Beechler, Trumbull County’s bond counselor.