PUBLIC HEARING

TUESDAY, DECEMBER 21, 2004

 

 

PRESENT:                 NANCY CARTMILL, PRESIDENT

                                    L. D. EGNOR, COMMISSIONER

                                    ROBERT L. BAILEY, COMMISSIONER

                                    WILLIAM WATSON, COUNTY ATTORNEY

                                    GLENN WHITE, COUNTY MANAGER

                                    SHARON ROSS, ASSISTANT COUNTY MANAGER

                                    FOR BILLABLES AND PAYABLES

 

Nancy Cartmill, President, called the Public Hearing to order at 10:00 am.

 

“PUBLIC HEARING”

 

Nancy Cartmill, President, stated the public hearing was for discussion on the proposed financing to purchase equipment for St. Mary’s Medical Center, Inc.

 

President Cartmill asked if there was anyone in the audience who wished to speak for or against the financing of the equipment for St. Mary’s hospital and there were no opposition to the proposed financing.

 

President Cartmill stated that since no one was present to speak, the public hearing was closed.

 

#305                            RESOLUTION, CABELL COUNTY COMMISSION

 

                                    RE:  APPROVING MASTER-LEASE AND SUBLEASE-

                                             PURCHASE AGREEMENTS AND RELATED

                                             TRANSACTIONS AND DOCUMENTATION FOR

                                             THE ST. MARY’S MEDICAL CENTER, INC.,

                                             EQUIPMENT PURCHASE; AUTHORIZING THE

                                             EXECUTION AND DELIVERY OF A TAX

                                             REGULATORY AGREEMENT AND AN ESCROW

                                             DEPOSIT AGREEMENT; AUTHORIZING OTHER

                                             DOCUMENTS IN CONNECTION WITH SUCH

                                             TRANSACTION

 

Camden Siegrist, Attorney for St. Mary’s Hospital, presented a bond resolution for the Commission to consider on the proposed financing agreement to purchase equipment for St. Mary’s Hospital.  Mr. Siegrist went on to say the required notice for the public hearing had been published and presented a copy of the publication to the Commission.

 

John Merchant, Bond Counsel, explained the details on the bond resolution and gave information on the lease purchasing financing.

 

 

 

TUESDAY, DECEMBER 21, 2004

PAGE TWO

 

 Mr. Merchant stated that all obligations were with the hospital and not the county but because the lease agreement was tax exempt, the agreement had to be approved before a political subdivision. 

 

William Watson, County Attorney, stated the Commission did not have any liability in this agreement.

 

Robert L. Bailey, Commissioner, moved to approve the resolution on the lease purchase agreements and related transactions and documentation on the equipment purchase for St. Mary’s Medical Center, Inc.  L. D. Egnor, Commissioner, seconded the motion and the vote was unanimous.  Exhibit (A)

 

Nancy Cartmill, President, adjourned the meeting at 10:25 a. m.

 

 

 

 

 

                                                                                                                       

 

 

 

 

 

 

 

 

 

 

 

 

 

                                                                        _____________________________________

                                                                         PRESIDENT, COUNTY COMMISSION 

 

 

 

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