09/09/1985 (2)
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CLEARWATEa.
,HEALTH
, ,
, FACILITIES
AUTHORITY
MINUTES
Date
. . . ~ 3
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CLEARWATER HEALTH FACILITIES AUTHORITY
September 9. 1985
The City of Clearwater Health Faoilities Authority met in
speCial session in the Mayor's Conference Room, City Hall on Monday,
September 9, 1985.
The following members were present:
c. J. Wollett
George Bouse, Jr
Frank George.,' Jr
Florence Hosch
Chairman
Vice-Chairman
Absent:
Ruth Condon
Also present were:
'8,
Emil C. Marquardt,
Jerry Neal
Glen Hubbard
Duane Houtz
Spencer Kisby
Attorney for Morton Plant Hospital
(M. P. H.)
(M. P. H.)
(M. P. H.)
(M. P. H.)
Bill Cantlin, Chief Acoountant, City of Clearwater
Frank X. Kowalski, Acting City Attorney
Cynthia E. Goudeau, City Clerk
The meeting was oalled to order at 4:00 p.m. by Chairman C. J.
Wollett. He presented the minutes of the April 17, 1985, meeting which
had been mailed to the members of t~e Authority. Upon hearing no
correotions or additions, he declared the minutes approved.
The purpose of this meeting is to oonsider a Resolution authorizing
the issuance by the Authority of not exoeeding $40,000,000.00 of Hospital
Revenue bonds, Series 1985, Morton Plant Hospital Projeot. Attorney
Marquardt stated the Treasury II Bill will eliminate tax-exempt bonds for
not for profit organizations after December 31, 1985. They are requesting
the Resolution be adopted to start a 60 day time frame for validation.
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The projaots proposed to be funded by this bond issue were reviewed.
They are as follows:
ITBHS REQUIBIlIG A CBKfIPlCATB OF IBKD:
~O BED REHABILITATION FACILITY
1000 CAR PARKING GARAGE
REPLACEMENT OF HOSPITAL COMPUTER SYSTEM
NORTH WITT ADDITION & SAME DAY SURGERY CENTER
ADLER LABORATORY
MAGNETIC RESONANCE IMAGING CENTER
rrBMS IIOT BBQOIRIHG A CRRUPIClTB OF IIEBD:
FIRE ALARM SYSTEM RENOVATIONS
COMPREHENSIVE OUTPATIENT REHABILITATION
FACILITY
CARDIOVASCULAR CATH LAB CONSTRUCTION
& RELOCATION
OBSTETRICS BED CAPACITY ADDITION
AUTOPSY ROOM & LAB REMODELING
OUTPATIENT DIAGNOSTIC FACILITY
'8
ESTIMATED ANNUAL RENOVATION EXPENDITURES
(THREE YEARS)
LAND ACQUISITIONS
TOTAL PBOJBCT DBMlHD
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.;,
$ 6,026
5,380
5,203
5,370
2,735
2,302
27,016
721
700
450
400
397
561
3,229
6,000
1,615
$37,860
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Those projects requiring a certifioate of need have said certi-
fioates. It was stated some of the projects are completed and some
are ourrently under construction. Chairman Wollett reiterated that one-
third of the bond issues are to arrange better finanoing for monies already
spent whioh is allowed by law. All projects have been approved by the
various Morton Plant Hospital Boards. A smaller issue, whioh was approved
several years ago, has been paid off.
Mrs. Hosoh questioned what responsibility the City would have if the
bonds are defaulted. The response was the City would not be liable for
any monies. Chairman Wollett questioned, with admissions decreasing, stays
shortened and Medicare payments down, whether or not these projects are
necessary. It was stated in order to stay competitive with other health
faoilities in the area, these projects are needed. Spencer Kisby stated
that the overall thrust in health care is away from in-patient care. Four
of the projects proposed are for out-patient treatment.
The need for $40,000,000 in bonds was questioned when the listed
projects show a cost of $31,860,000. In response it was stated that a debt
service reserve is needed and that the actual bonds should probably be
$45,000,000. Mrs. Hosch questioned why the Authority should approve this.
In response, it was stated that Morton Plant Hospital does serve mainly
Clearwater reesidents; and that if this is not approved now, money will be
more expensive to borrow and therefore, rates would have to go up. It
was stated that Morton Plant cares for indigents 1n the area.
~
Mr. Bouse moved to adopt the Clearwater Health Facilities Authority
Resolution No. 85-1, modifying the amount of the bonds to $45,000,000
subjeot to page two being amended to list the approved projects. The
aotloa was duly seoonded and carried unanimOUSly.
The next meeting was set for September 23, 1985 at 4:30 p.m.
The meeting adjourned at 4:57 p.m.
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C~ty .crk as-Secreta
:1., Cynthia 'E. Goudeau, duly appointed City Clerk of the City of
Clearw8ter~~Fiorid8, certify the foregoing to be a true and correct copy
of the minutes of September 9, 1985, meeting of the Clearwater Health
Facilities Authority, and all persons dealing with the Authori,ty may rely
upon this certificate. ' ,
~
Witness my hand and the corporate seal of the City of
Florida, this twenty-third day of sePtem~berJ 198~. ,)'"
'\ ~~ c....,
Cft Clerk
Clearwater;
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