The Kern Valley Healthcare District Special meeting held yesterday, Wednesday July 28, scheduled to have the board vote whether or not to put a property tax increase, also known as a general obligation bond, on the November ballot, to pay for the hospital's debt situation was held off until the regular board meeting.
Board members voted to hold off the final vote until next week until they get results from another phone survey being conducted as to the willingness of the community to bail out the hospital financially.
The meeting is scheduled for August 4th, at 5:30 pm in the hospital cafeteria.
Attending the meeting were representatives from Caldwell Flores and Winters who will be again doing another survey of the community by phone. Please contact me at Hartofthekrv@msn.com if you recieve any calls.
Persistance and Tenacity, requires a new chapter, a new beginning....
Showing posts with label special meeting GOB on ballot. Show all posts
Showing posts with label special meeting GOB on ballot. Show all posts
Thursday, July 29, 2010
Wednesday, July 28, 2010
ALERT: KVHD special board meeting July 28 and on the agenda is...
24 hour notice for special meeting as board will vote on the General Obligation Bond
For the last few months, whispers, and even whimpers, could be heard around the valley as the Kern Valley Healthcare District began it's drive to talk residents of the Kern River Valley into voting for a bond which will raise property taxes throughout the hospital district.
The General Obligation Bond was previously intended to pay off a debt that had been plaguing the hospital for 24 years now because of a seriously flawed financial venture which included a construction project that was never completed, revenue not generated as well as services and staffing cuts.
The community was put up as collateral as if the hospital cannot pay the community will pay anyway, until every dime is retrieved by the insurer of the original debt.
These were your elected officials (KVHD board members) who made this decision as your representatives and not many people I have spoken to lately even know they are the one's ultimately responsible for paying this debt.
Even though at the July regular board meeting, the talk was about having a special election next year, which would cost approximately $50,000, but would give them single coverage as it will be their own election, the focus on them and not regular election candidates.
Now, a KVHD special meeting is being called and until tomorrow we won't know which board members will vote to put this extra burden on a valley in serious financial trouble.
Obviously, the administration which includes, Chief Financial Officer, Chet Beedle, has singled out the bond as the only way to proceed.
The hospital has been paying on this 22 million dollar debt for 24 years and now if the community passes the GOB in the November election, we will pay for 30 more years.
But here's the twist, within those 30 years, the hospital will be required to replace the whole building, meaning... more property taxes.
I'll report back and let you know which elected board members voted to pursue a community for monies that were caused by bad decision making and bad advice. And an obvious cover up that the community is the "collateral" and will pay for the decisions these board members and administrative employees have made.
Update and illumination after the meeting...
However, let me add one thing: putting this on the November ballot is not costing anything, so they are ready to give it a try, even if there plans have been rushed together over the last six months. My guess is that they will put it on the ballot in November and if they cannot achieve a 2/3 majority vote, they will go ahead and try the special election next year.
Below is the agenda for the meeting:
SPECIAL MEETING OF THE BOARD OF DIRECTORS
AGENDA
Wednesday, July 28, 2010 – 4:30 p.m.
Location: Administrative Conference Room
A. CALL TO ORDER
B. GENERAL OBLIGATION BOND CASH FLOW STATEMENT Information
Chet Beedle, Chief Financial Officer
C. GENERAL OBLIGATION BOND MEASURE Action
Timothy McGlew, Chief Executive Officer
D. FORMAL COMMUNITY SURVEY Action
Ernest Flores, Caldwell, Flores, and Winters
E. ADJOURNMENT
For the last few months, whispers, and even whimpers, could be heard around the valley as the Kern Valley Healthcare District began it's drive to talk residents of the Kern River Valley into voting for a bond which will raise property taxes throughout the hospital district.
The General Obligation Bond was previously intended to pay off a debt that had been plaguing the hospital for 24 years now because of a seriously flawed financial venture which included a construction project that was never completed, revenue not generated as well as services and staffing cuts.
The community was put up as collateral as if the hospital cannot pay the community will pay anyway, until every dime is retrieved by the insurer of the original debt.
These were your elected officials (KVHD board members) who made this decision as your representatives and not many people I have spoken to lately even know they are the one's ultimately responsible for paying this debt.
Even though at the July regular board meeting, the talk was about having a special election next year, which would cost approximately $50,000, but would give them single coverage as it will be their own election, the focus on them and not regular election candidates.
Now, a KVHD special meeting is being called and until tomorrow we won't know which board members will vote to put this extra burden on a valley in serious financial trouble.
Obviously, the administration which includes, Chief Financial Officer, Chet Beedle, has singled out the bond as the only way to proceed.
The hospital has been paying on this 22 million dollar debt for 24 years and now if the community passes the GOB in the November election, we will pay for 30 more years.
But here's the twist, within those 30 years, the hospital will be required to replace the whole building, meaning... more property taxes.
I'll report back and let you know which elected board members voted to pursue a community for monies that were caused by bad decision making and bad advice. And an obvious cover up that the community is the "collateral" and will pay for the decisions these board members and administrative employees have made.
Update and illumination after the meeting...
However, let me add one thing: putting this on the November ballot is not costing anything, so they are ready to give it a try, even if there plans have been rushed together over the last six months. My guess is that they will put it on the ballot in November and if they cannot achieve a 2/3 majority vote, they will go ahead and try the special election next year.
Below is the agenda for the meeting:
SPECIAL MEETING OF THE BOARD OF DIRECTORS
AGENDA
Wednesday, July 28, 2010 – 4:30 p.m.
Location: Administrative Conference Room
A. CALL TO ORDER
B. GENERAL OBLIGATION BOND CASH FLOW STATEMENT Information
Chet Beedle, Chief Financial Officer
C. GENERAL OBLIGATION BOND MEASURE Action
Timothy McGlew, Chief Executive Officer
D. FORMAL COMMUNITY SURVEY Action
Ernest Flores, Caldwell, Flores, and Winters
E. ADJOURNMENT
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