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