The city of Boulder has completed the sale of $40 million in certificates of participation to use toward the purchase of Boulder Community Health’s Broadway campus, according to a news release.

Certificates of participation (COP) are akin to bonds, but under Senate Bill 17-267, the state is putting up as collateral state buildings, under lease-purchase agreements.

Certificates of participation are finances secured through lease payments. The 2018 payment was for some $338,000, while the 2022 payment cost around $265,000. The interest-only payment from 2020 ...