Title
a. Approve the Medical Construction Renovation Reimbursement Program ("Agreement") between the County of Monterey ("County"), on behalf of Natividad Medical Center ("NMC"), and the California Department of Health Care Services ("State DHCS"), for supplemental reimbursement to the County by the State DHCS of debt service expenses on the certificates of participation issued to fund the replacement of the buildings and fixed equipment of the old hospital, for the period July 1, 2013 until termination of Agreement by County upon 30 days' notice, with or without cause, or until automatic termination upon occurrence of events set forth in Agreement; and
b. Authorize Purchasing Manager for NMC to execute the Agreement in substantially the same form as that which has been presented to the Board of Supervisors, subject to approval by County Counsel and County Auditor-Controller.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve the Medical Construction Renovation Reimbursement Program ("Agreement") between the County of Monterey ("County"), on behalf of Natividad Medical Center ("NMC"), and the California Department of Health Care Services ("State DHCS"), for supplemental reimbursement to the County by the State DHCS of debt service expenses on the certificates of participation issued to fund the replacement of the buildings and fixed equipment of the old hospital, for the period July 1, 2013 until termination of Agreement by County upon 30 days' notice, with or without cause, or until automatic termination upon occurrence of events set forth in Agreement; and
b. Authorize Purchasing Manager for NMC to execute the Agreement in substantially the same form as that which has been presented to the Board of Supervisors, subject to approval by County Counsel and County Auditor-Controller.
SUMMARY/DISCUSSION:
On December 1, 1998, the County of Monterey ("County") d/b/a NMC and the State Department of Health Servic...
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