HomeMy WebLinkAboutAgenda Statement 1972/12/12 Item 12item no. 12
December 12, 1972
CHULA VISTA CITY COUNCIL MEETING OF: December 12, 1972
ITEM TITLE: Resolution - Amending Resolution No. 5966, Declaring its
Intention to Accept a Gift of Chula Vista Community Hospital
Facilities when Tendered
INITIATED BY:
BACKGROUND:
City Attorney
The City Council has heretofore by Resolution No. 5966, adopted
March 2, 1971, declared its intention to accept a gift of the Chula
Vista Community Hospital facilities when tendered after the retire-
ment of indebtedness of the facility.
The purpose of that resolution, as explained at that time, was to
allow the Community Hospital to acquire tax free status for purchasers
of bonds to be issued by the hospital group that is insuring the
lowest possible interest rate for the construction of the new
facility.
At that time, there was contained in the resolution a provision
requiring that the Articles of Incorporation of the hospital
include the authorization of the City Council of the City of Chula
Vista to ratify the selection of the present members of the Board
of Directors and such members as may be appointed in the future.
In addition, the City would examine the request of incorporation
of the hospital and approve said request. It is now noted that
neither of these provisions are required by the Internal Revenue
Service to provide for the tax free status.
It is suggested that the resolution be amended to delete those
provisions. Since these items raised certain objections on the
part of the Council, it is deemed that their elimination would
not be objectionable to the Council.
ATTACHED: Resolution [X] Ordinance [ ] Agreement [ ] Plat
See EXHIBITS [X ] No ~ 1
Financial Statement: N/A
Commission-Board Recommendation: N/A
Department Head Recommendation: Approval of Resolution
City Manager Recommendation: n/a
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