Loading...
HomeMy WebLinkAbout14929w .r r r �■ w � w r r r r w w w r � 220 . 70 AN ORDINANCE CREATING THE CITY OF LITTLE ROCK, ARKANSAS HEALTH FACILITIES BOARD (SOUTHWEST HOSPITAL) PURSUANT TO THE PROVISIONS OF ACT NO. 142 OF THE ACTS OF ARKANSAS OF 1975, AS AMENDED; PRESCRIBING OTHER MATTERS RELATING THERETO; AND DECLARING AN EMERGENCY. WHEREAS, the City of Little Rock, Arkansas (the "City "), pursuant to the provisions of Act No. 142 of the Acts of the General Assembly of the State of Arkansas for the year 1975, as amended (the "Act "), is authorized to establish public facilities boards for the purposes set forth in the Act, which include assisting in the financing of "Health Care Facilities" (as defined in the Act) within or near the City; and WHEREAS, St. Louis - Little Rock Hospitals, Inc., a Missouri nonprofit corporation (.the "Corporation "), proposes to construct and equip a 125 -bed general acute care hospital of approximately 117,000 square feet (the "Project ") in the vicinity of the intersection of Interstate Highway 30 and Otter Creek Road in Southwest Little Rock; and WHEREAS, financing arrangements must be made to fund the Project on the best possible terms and to make provision for Subsequent Projects (hereinafter defined); NOW THEREFORE; BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: Section 1. Findings. The Board of Directors of the City hereby finds and determines: (a) The facilities and services afforded by the Project will be made available to patients, staff privileges will be afforded to medical and supporting personnel and persons will be employed, without discrimination on the basis of race, creed, religion or sex. (b) The Project is necessary in order to properly meet the requirements of the citizens and residents of the City and the State of Arkansas for Health Care Facilities and services which are not being, and cannot be, reasonably met by other available Health Care Facilities. Further, proper planning dictates that provision should be made for financing any additional facilities that may be required in the future in order for the Corporation to satisfy the increasing health care � -7 221 needs of the citizens and residents of the City and the State of Arkansas ( "Subsequent Projects "). (c) Financing of the Project and Subsequent Projects under the Act is and will be necessary for accomplishing the Project and Subsequent Projects and will insure the availability of quality Health Care Facilities and services to the public at the lowest possible cost, thereby benefitting the public in general and the citizens and residents of the City in particular. (d) The City is authorized by the provisions of the Act to provide financing of Health Care Facilities through the creation of a public facilities board and the issuance of revenue bonds by such a public facilities board. (e) It is in the best interest of the City and its citizens and residents to create a public facilities board under the Act and to limit the authority of that board to accomplishing, financing, contracting concerning, and otherwise dealing with Health Care Facilities to be operated by the Corporation. Section 2. Creation,of Board. Pursuant to the authority of the Act there is hereby created and established the "City of Little Rock, Arkansas Health Facilities Board (Southwest Hospital)" (the "Board ") with authority as hereinafter provided to accomplish, finance, contract concerning, and otherwise deal with Health Care Facilities (as defined in the Act) to be operated by the Corporation. Section 3. Members of the Board; Term of Office. The Board shall consist of five persons. The initial members shall serve for terms of one, two, three, four, and five years, respectively, as indicated below. Successor members shall be selected as provided in the Act. As soon as practicable after the enactment of this Ordinance each member of the Board shall qualify by taking and filing with the City Clerk the oath of office as prescribed by the Act. The initial members of the Board, each of whom is a qualified elector residing in the City and their respective terms shall be: Member Term Dr. Don Cobb, Sr. 1 year Mr. Bill Fitch 2 years Mr. Bill Blevins 3 years Mr. Glen Mahone 4 years Ms. Sharon Priest 5 years • -222 Section 4. Powers. The Board is empowered, from time to time, to own, acquire, construct, reconstruct, extend, equip, improve, sell, lease, contract concerning or otherwise deal in or dispose of Health Care Facilities, including mortgage loans with respect thereto (including specifically the Project and Subsequent Projects, as hereinbefore defined); provided, however, that the authority of the Board shall be limited to such Health Care Facilities as are sold, leased or mortgaged to the Corporation or are otherwise dealt in, disposed o£, or concerning which a loan is made to the Corporation, pursuant to a contract or contracts between the Board and the Corporation. Each Subsequent Project shall be located within the City, but need not necessarily be at the same location and shall be operated by the Corporation. The Board shall have all of the powers provided for in the Act, subject to the limitations of this Ordinance, and shall carry out its duties in accordance with the Act. The Board is hereby authorized and directed, in all dealings with the Corporation to take all appropriate action with the Corporation necessary to comply with the Constitution and laws of the United States and of the State of Arkansas. Section 5. Issuance of Bonds. The Board is authorized to issue revenue bonds, from time to time, and to use the proceeds, either alone or together with other available funds and revenues, to accomplish the purposes for which the Board is created. Such revenue bonds shall be obligations only of the Board and shall not constitute an indebtedness for which the faith and credit of the City or any of its revenues are pledged, and the principal and interest on the bonds shall be payable from and secured by a pledge of revenues derived from the Health Care Facilities financed, in whole or in part, from bond proceeds or from any debt previously incurred and refinanced by bonds, and as authorized by, and in accordance with the provisions of the Act, together with such other collateral as may properly be pledged. Each bond issue for Subsequent Projects must be approved by the Board of Directors of the City prior to delivery of such bonds to the purchaser thereof. Section 6. Organization; Reports. As soon as practicable after the adoption of this Ordinance the Board shall meet and elect officers. The Board may adopt Bylaws and such other rules and regulations, if any, as shall be necessary or desirable for the conduct.of its business and consistent with the provisions of the Act. The Board shall cause to be; filed with the City Clerk of the City the annual report described in Section 18 of the Act. Section 7. Severability. If any provision of this Ordinance or the application thereof to any person or • circumstance is held invalid, such invalidity shall not affect the other provisions or applications of this Ordinance, which can be given effect without the invalid provision or application, and to this end the provisions of this Ordinance are declared to be severable. Section 8. General Repeal. All Ordinances of the City, or parts thereof, in conflict with this Ordinance are hereby repealed to the extent of such conflict. Section 9. Emergency. It is hereby found and determined that there is an immediate need for the Project and the financing in order to meet the needs of the City's citizens and residents for Health Care Facilities and services essential for their health and welfare, and that the creation of the Board and the exercise of the duties and powers provided in this Ordinance are necessary for the accomplishment of these public purposes and to the preservation of the public peace, health and safety. Therefore, an emergency is declared to exist and this Ordinance shall be in full force and effect from and after its passage. PASSED: August 6 1985 APPROVED: ATTEST: Mayor Thomas A. Prince C y Clerk -J-4ie Czech (SEAL) 223