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"The two hospitals will contract with the county to pay
back the principal and interest 100% from hospital revenues.
The cost at Lowrance, which will rise about 13% per year, are
in line with past experience, and the rates at the two county -
owned hospitals, which have been among the lowest in the county,
are projected to be quite reasonable in comparison to other
hospitals.
"There should not be any tax increase in the future
related to this bond issue. Taxes would be increased only
if the hospitals were not able to pay the debt due to some
unforeseen economic difficulty. Our hospital needs these
improvements in order to provide quality services for our
citizens, and practicing physicans deserve and must have it if
we are to remain viable and healthy and capable of rendering
health care for years to come.
"Members of the Board, this concludes my presentation
for the evening, which only lasted maybe ten or fifteen minutes.
We hope to answer any questions to your satisfaction. But we
would like to add that our presentation this evening did not
come about from a very short study period. We first began
our hospital prediction study some two and one-half years ago.
During this two and one-half years, we have had many committee
meetings reporting their findings of various facts to the board,
facts that were needed in order that we might make a sound
decision for our renovation program. We met late in the evenings,
we met early in the mornings, studying the various avenues
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