9/6/1978 - Laserfiche WebLink

Home Browse Search

THE CHAIRMAN ASKED ABOUT THE INTEREST ACCOUNT, AND ATTORNEY COLLINS EXPLAINED THAT THE INTEREST WAS DUE AUGUST 1ST AND THE MAJORITY OF THE INTEREST IN THE ACCOUNT HAS BEEN PAID OUT BY THE HOSPITAL WE ARE ONLY ENTITLED TO THE ACCRUAL SINCE THAT DATE, ATTORNEY COLLINS NOTED THAT IT WILL BE NECESSARY TO SET UP A SINKING FUND RESERVE ACCOUNT, .ON MOTION BY COMMISSIONER DEESON, SECONDED BY COMMISSIONER Loy, THE BOARD UNANIMOUSLY AUTHORIZED THE FINANCE DEPARTMENT TO SET UP A SINKING FUND RESERVE ACCOUNT FOR THE HOSPITAL BONDS AND ARRANGE FOR THE APPROPRIATE OFFICIALS TO SIGN ON THIS ACCOUNT. ATTORNEY COLLINS NOTED THAT WE WILL NEED TO BE THINKING ABOUT TAKING OVER SECURITY AT THE HOSPITAL, HE CONTINUED THAT THE WATER METERS WILL BE READ AND THE GAS SUPPLY CHECKED, AND ALL OF THESE THINGS WILL BE PROBATED ON THE CLOSING STATEMENT. ASSISTANT ADMINISTRATOR NELSON IS GOING OVER THE INVENTORY. THERE ARE SPARE PARTS THE COUNTY WILL BE RECEIVING TO RUN THE VARIOUS EQUIPMENT, CHAIRMAN WODTKE ASKED IF THERE ARE SPECIFIC MAINTENANCE CONTRACTS IN EXISTENCE SUCH AS ON THE AIR CONDITIONING UNITS, ETC., THAT WE MIGHT WANT TO CONSIDER CONTINUING. THE ADMINISTRATOR STATED THAT THERE IS ONE, AND THIS WILL BE DISCUSSED LATER. THE ATTORNEY FELT THERE WILL BE A'LOT OF THINGS SUCH AS THIS THAT WILL COME UP AND COULD BE HANDLED ADMINISTRATIVELY AND POSSIBLY THERE SHOULD BE A MOTION GIVING THE ADMINISTRATOR THIS AUTHORITY, HE NOTED THIS WILL BE BROUGHT UP UNDER THE ADMINISTRATOR`S ITEMS LATER. HE CONTINUED THAT HE WILL HAVE A CLOSING STATEMENT MADE UP REFLECTING ALL PRO RATIONS AND COSTS INVOLVED AND SUGGESTED THERE BE A MOTION AUTHORIZING THE CHAIRMAN TO EXECUTE ANY CLOSING DOCUMENTS NECESSARY, ON MOTION BY COMMISSIONER Loy, SECONDED BY COMMISSIONER DEESON, THE BOARD UNANIMOUSLY AUTHORIZED THE CHAIRMAN TO EXECUTE ANY CLOSING DOCUMENTS NECESSARY IN REGARD TO THE PURCHASE OF THE HOSPITAL, 30 SEP 0 6 1978