HomeMy WebLinkAboutAgenda Statement 1975/05/06 Item 12AGENDA ITEM N0. [12 J
CHULA VISTA CITY COUNCIL MEETING OP: May 6, 1975
ITEM TITLE: Resolution - Approving Bay General Community Hospital and
Tax-Exempt Bonds and Notes to be Issued thereby and Accepting the
Gift of a Hospital Facility to be Acquired thereby.
INITIATED BY: City Attorney
RACKGROHNU
Three years ago, the City Council adopted a resolution endorsing
the Community Hospital project which allowed Community Hospital to
finance their new construction with tax free bonds. As Council
will recall, the program involved very little more than such an
endorsement plus an indication of a willingness to consider the
acceptance of the facility at the end of 30 years as a gift. We
have no financial obligation nor any responsibility involving
the operation of the hospital itself.
The presently doctor-owned Bay General Community Hospital now
wishes to transfer that interest to a non-profit corporation
under the same type of arrangement. All of the necessary papers
have been filed with the City Clerk and have been approved by
this office.
The necessary resolution has been prepared and is available for
your consideration.
ATTACHED: Resolution [g]
Financial Statement: N/A
Ordinance [ ] Agreement [ ] Plat [ ]
See EXHIBITS [ ~ No. 1
Commission-Board Recommendation: N/A
Department Ile ad Recommendation: Approval of Resolution
City Manager Recommendation:
At the time of agenda compilation, evaluation of the materials submitted by
Bay General Hospital had not been made by this office. However, it is basically
a sound premise that practicing doctors in a hospital not be the owners of said
hospital: Therefore, the change in status of Bay General to a community hospital
is appropriate.
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DOCUMENTS AS STATED IN THE A113 IS ON FJIL'E IN THE VAULT
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