2021-134A - Laserfiche WebLink

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Saecial Assessment Agreement and Indemnity Agreement This Special Assessment Agreement and Indemnity Agreement (this "Agreement") is entered into as of the 29 day of September, 2021 (the "Effective Date") by and among INDIAN RIVER COUNTY ("the County") and STEWARD SEBASTIAN RIVER MEDICAL CENTER, INC., a Delaware corporation, including its successors and/or assigns (the "Hospital"). Recitals: WHEREAS, on September 14, 2021, the Board of County Commissioners (the "Board") may enact Ordinance 2021-�, (the "Assessment Ordinance") at the request of the privately -owned hospitals (collectively, the "hospitals") that are located in Indian River County (the "County"); and, WHEREAS, the Assessment Ordinance, if passed, will authorize the Board to annually levy assessments on properties owned or used by the hospitals; and, WHEREAS, the Assessment Ordinance will create the Local Provider Participation Fund, a special revenue fund in which the County shall account for the collected assessments; and, WHEREAS, pursuant to the Assessment Ordinance, the sole purposes for which the Board may utilize the money so collected and accounted for in the Local Provider Participation Fund are to fund participation in Florida's Medicaid supplemental payment programs by making intergovernmental transfers to the Agency for Health Care Administration ("AHCA") and to fund payment of administrative costs as defined in the Assessment Ordinance; and, WHEREAS, AHCA will apply the intergovernmental transfers that it receives from the County towards the non-federal share of a Medicaid supplement payment program; and, WHEREAS, as a result of the County's payments of the intergovernmental transfers, the State of Florida, through State Medicaid Managed Care organizations or other means, will reimburse the hospitals at a higher rate for the services that they provide to Medicaid -managed care enrollees. NOW, THEREFORE, the parties to this Agreement, in consideration of the promises, covenants, and agreements made by each to the other, do hereby agree as follows: 1. Incorporation of Recitals. The foregoing Recitals are incorporated into this Agreement by reference, including the definitions set forth therein.