Thursday, December 14, 2017
The Board of Defiance County Commissioners met in regular session at 9:00 a.m. on Thursday, December 14, 2017 in the Commissioners’ Session Room at 500 Court Street, Defiance, Ohio 43512. Commissioner Ryan Mack called the meeting to order. Also present were Commissioners Mick Pocratsky and Gary Plotts, Sherry Carnahan, Finance Manager/Administrator, and Stephanie Metz, Clerk.
Nathan Guilford met with the Commissioners to discuss the farm lease at the Evergreen Lane Office Complex and possible future sites for a community apiary and pollinator habitat.
The Commissioners met in General Session. They approved and signed various resolutions, contracts and documents. The Commissioners also reviewed the calendar of events and discussed upcoming meetings.
The Commissioners approved the 2018 General Fund Budget of $13,984,000.95. This compares to the 2017 approved General Fund Budget of $13,933,450.33.
Bruce Clevenger and Teresa Johnson, Defiance County OSU Extension, met to provide the Board with an update. They provided the Board with the attached 2017 County Highlights.
Tim Roberts, Promedica Health System, Inc., met with the Commissioners for the public hearing for the proposed issuance as part of a plan of finance in one or more series, which may be issued on the same or different dates, of not to exceed $900,000,000 aggregate principal amount of hospital revenue and refunding bonds by the County of Lucas, Ohio (“Lucas County”), for the benefit of The Toledo Hospital (“Toledo Hospital Corporation”), Flower Hospital (“Flower Hospital Corporation”), ProMedica Continuing Care Services Corporation (“Continuing Care Corporation”), Bay Park Community Hospital (“Bay Park Hospital Corporation”), Defiance Hospital, Inc. (“Defiance Hospital Corporation”), Fostoria Hospital Association (“Fostoria Hospital Corporation”), and Memorial Hospital (collectively, the “Ohio Members”), each an Ohio nonprofit corporation and an affiliate of ProMedica Health System, Inc., also an Ohio nonprofit corporation (“ProMedica”), and Emma L. Bixby Medical Center, Mercy Memorial Hospital Corporation, Herrick Memorial Hospital, Inc. and Lenawee Long Term Care (d/b/a Provincial House of Adrian) (collectively, the “Michigan Members” and, together with the Ohio Members, and, as it may be modified from time to time by the addition or withdrawal of members, the “Members of the Obligated Group”), each a Michigan nonprofit corporation, for the purposes of:
(a) in an amount not to exceed $400,000,000, financing and refinancing costs of adding to, acquiring, constructing, reconstructing, renovating and equipping the hospital facilities that are described below (collectively, the “Project”),
(b) currently refunding some or all of the $62,500,000 original principal amount County of Lucas, Ohio Hospital Revenue Bonds, Series 2008A (ProMedica Healthcare Obligated Group) (the “Series 2008A Bonds”),
(c) advance refunding some or all of the $53,000,000 original principal amount County of Lucas, Ohio Hospital Revenue Bonds, Series 2008D (ProMedica Healthcare Obligated Group) (the “Series 2008D Bonds”),
(d) advance refunding some or all of the $181,410,000 original principal amount County of Lucas, Ohio Hospital Revenue Bonds, Series 2011A (ProMedica Healthcare Obligated Group) (the “Series 2011A Bonds”),
(e) advance refunding some or all of the $135,145,000 original principal amount County of Lucas, Ohio Hospital Refunding Revenue Bonds, Series 2011D (ProMedica Healthcare Obligated Group) (the “Series 2011D Bonds” and, together with the Series 2008A Bonds, the Series 2008D Bonds and the Series 2011A Bonds, the “Prior Bonds”),
(f) funding, if necessary, a debt service reserve fund for the Bonds,
(g) financing costs associated with the implementation, termination or modification of any interest rate hedge agreement relating to the Bonds or the Prior Bonds, and
(h) paying costs of issuing the Bonds and refunding the Prior Bonds.
The Project consists of the financing or refinancing of the costs of acquiring, constructing, equipping, furnishing, installing and otherwise improving an approximately 615,000 square foot, 13-story, 302-bed patient care tower, which will be owned and operated by Toledo Hospital Corporation, to replace an existing patient care tower on the main campus of ProMedica Toledo Hospital/Toledo Children’s Hospital with a main address of 2142 North Cove Boulevard, Toledo, Ohio, which location includes generally property within or abutting the following two areas (collectively, the “Toledo Campus”): (A) area bounded by North Cove Boulevard on the south, Midwood Avenue on the west, Upton Avenue on the east, and Central Avenue on the north, inclusive of adjacent properties on Doris Avenue, Monroe Street, Rathbun Drive and Central Avenue, and (B) area bounded by Central Avenue on the south, Northwood Avenue on the west, Upton Avenue on the east, and I-475 on the north.
The Project will also consist of the financing of the costs of various routine capital improvements to existing outpatient primary and specialty care clinical hospital facilities and capital equipment and electronic medical records and information technology systems and other hospital facilities, owned and/or operated by:
(1) Toledo Hospital Corporation at the Toledo Campus; the Wildwood Medical Center campus (2841, 2865, 2901, 3001 and 3049 North Reynolds Road, 2914, 2918, 2926, 2934, 2972, 2960, 3004, 3018, 3022 and 3034 South Republic Blvd., and 5611 Kirkland, Toledo, Ohio, and any properties abutting) (the “Wildwood Medical Center Campus”); the Arrowhead Medical Center North and South campuses (650-660 Beaver Creek Circle, 0 Indian Wood Circle, 1475 Arrowhead Road, 1722 Indian Wood Circle, 1768 - 1778 Indian Wood Circle, and 1901 Indian Wood Circle, Maumee, Ohio) (the “Arrowhead Medical Campus”); the ProMedica Health Center-Port Sylvania (7140 Port Sylvania Drive, Toledo, Ohio); Granite Circle (3439 Granite Circle, Toledo, Ohio); Parkway Surgery Center (3500 Executive Parkway, Toledo, Ohio); ProMedica Health Center-West (3740 West Sylvania Ave., Toledo, Ohio); ProMedica Health Center-Woodley (3909 Woodley Road, Toledo, Ohio); ProMedica Health Center-East (3156 Dustin Road, Oregon, Ohio); 4100 Harvest Lane, Toledo, Ohio; 1661 Holland Rd. Maumee, Ohio; 0 Arrowhead Road, Maumee, Ohio (approximately 21 acres at the southeast corner of I-475 and Dussel); 0 Beaver Creek Circle, Maumee, Ohio; 1017 Maumee Western Road, Maumee, Ohio; 2920 and 3004 McCord Road, Toledo, Ohio; 5855 Monroe Street, Sylvania, Ohio; 5520 Monroe Street, Sylvania, Ohio; 5143 Whiteford Road, Sylvania, Ohio; and 3156 Bellevue, Toledo, Ohio (collectively, the “Toledo Hospital Corporation Locations”);
(2) Toledo Hospital Corporation at the health and wellness/ambulatory care center located at 5700 Monroe Street, Sylvania, Ohio;
(3) Toledo Hospital Corporation at the surgical center located in the Renaissance Tower on the Toledo Campus;
(4) Flower Hospital Corporation, the medical campus of which includes 5100, 5150, 5200, 5300, 5308, 5310, 5320, 5330, 5350 and 5400 Harroun Road, Sylvania, Ohio, and 6249 Monroe St., Sylvania, Ohio (the “Flower Hospital Campus”) and 4848 Holland-Sylvania Rd. Sylvania, Ohio;
(5) Continuing Care Corporation at the Flower Hospital Campus, 1570 Perrysburg-Holland Rd., Maumee, Ohio, 2000 Regency Ct., Toledo, Ohio, 3131 Douglas Road, Toledo, Ohio, 2655 West Central, Toledo, Ohio, 1515 South Byrne Road, Toledo, Ohio, and 2701 Navarre Ave. Oregon, Ohio;
(6) Bay Park Hospital Corporation, the medical campus of which includes 2800 Brown Road, 2751 and 2801 Bay Park Drive, and 0, 1710 and 1790 Meijer Circle in Oregon, Ohio (the “Bay Park Community Hospital Campus”);
(7) Defiance Hospital Corporation, the medical campus of which includes 1200‑1250 Ralston Avenue, and 1114, 1126, 1130 and 1132 East Second St., Defiance, Ohio, and 121 N. Harrison St., Delta, Ohio in Defiance, Ohio (the “Defiance Campus”);
(8) Fostoria Hospital Corporation, the medical campus of which includes 501‑506 and 514‑546 Van Buren Street and 600‑601 Parkway Drive, and 510 Gray Drive and 510 North Vine Street, and properties abutting said properties, each in Fostoria, Ohio (the “Fostoria Campus”); and
(9) ProMedica at 1756 – 1760 Indian Wood Circle, Maumee, Ohio, and 1801 Richards Road, Toledo, Ohio;
In each case, including, without limitation, surgical, radiology, medical oncology and radiation oncology, imaging and patient monitoring equipment, diagnostic, therapeutic and laboratory equipment and electronic medical records and information technology systems, and otherwise renovating and reconstructing each such facility in order to accommodate that equipment and those systems or such other renovations as may be reasonably necessary, and not to exceed $10,000,000 at any particular site.
Release Approved: ____________________________________________________
Ryan Mack, Defiance County Commissioner