Kathryn Asprey

The meeting covered several action items, including the approval of the minutes from the previous August meeting. Key discussions involved legislative updates concerning Senate Bill 105, which reappropriated funding for the Investment in Mental Health Wellness Grant Program. The Authority approved a Healthcare Expansion Loan Program II (HELP II) loan of up to $950,000 for Sierra View Homes to construct solar panel carports to reduce high energy costs. Approvals were also granted for amendments to resolution terms for Kern Medical Center and Bakersfield Memorial Hospital projects under the Children's Hospital Program of 2018, extending their grant and resolution expiration dates due to unforeseen construction and equipment procurement delays. Finally, the Authority approved a resolution delegating powers to the Executive Director to apply to the Department of Motor Vehicles for a Specialized License Plate Program, which will generate revenue for children's hospitals to fund expenditures not covered by current programs, such as salary support for specialized therapists.

Key discussions during the meeting included the presentation of the Executive Director's Report for September 2005, detailing bond outstanding totals and various fund balances. The Authority unanimously approved Resolution No. HII-177, authorizing a HELP II loan not to exceed $320,000 for the Yolo Family Service Agency to finance a roof replacement and restructure existing loans. Furthermore, Resolution No. 2005-18 was approved, concerning the template of a grant agreement for the Children's Hospital Program, including modifications to language regarding the reversion of unused funds. Resolution No. 2005-19, approving the proposed emergency regulations for the Community Clinic Grant Program of 2005 funded by the Anthem-WellPoint merger, was also unanimously adopted. Finally, the Authority rescinded provisions of Resolution No. 2004-03 related to the transfer of interest earnings from the Cedillo-Alarcón Community Clinic Investment Act of 2000 Grant Program to the HELP II Loan Program due to legal concerns, while allowing other provisions of that resolution to remain intact. The quarterly report for the HELP II Loan Program was also presented.

The open session agenda for the meeting included the call to order, roll call, and the approval of the minutes from the July 28, 2005 meeting. Key business items involved action items related to bond issuance and loans, including a request for bond issuance not to exceed $611,000,000 for Catholic Healthcare West, and HELP II Loan requests for Phoenix Programs ($500,000) and Yolo Family Services Agency ($325,000). Additional action items concerned the adoption of permanent regulations for The Children's Hospital Program and an Interagency Agreement for 2005-06 with the State Treasurer's Office. Information items included the Executive Director's Report, the HELP II Loan Program Quarterly Report, and a presentation on Seismic Requirements for Acute Care Hospitals.

The meeting included the presentation of the Executive Director's Report, which detailed bond outstanding amounts, fund balances, and major debt holders as of October 31, 2005. The Authority unanimously approved several resolutions for bond financing and loan guarantees. Resolution No. F-314 approved financing not to exceed $16,125,000 for Paradise Valley Estates for the construction of assisted living units and enhancement of common areas. Resolution No. F-315 approved financing not to exceed $39,000,000 for California-Nevada Methodist Homes for expansion and improvements. Resolution No. 2005-20 authorized a Second Amendment to the Loan Agreement for Valley Presbyterian Hospital bonds, imposing stricter financial reporting and indebtedness rules. HELP II loan resolutions were approved for The Youth Connection of Ventura County dba Casa Pacifica (not to exceed $500,000 for equipment purchase) and Yolo Community Care Continuum (not to exceed $407,000 for facility construction). Grant fund approvals included $1,696,546 for Children's Hospital Oakland for equipment replacement/purchase, and $30,000,000 for UCLA Medical Center reimbursement for pediatric construction costs. Finally, the Authority approved grant agreement forms for the Children's Hospital Program for UC hospitals and private children's hospitals.

The meeting included the presentation of the Executive Director's Report, which detailed bond outstanding totals and fund balances as of June 30, 2005. Key resolutions involved Catholic Healthcare West (CHW), approving resolutions (F-312 and F-313) not to exceed $611 million for refinancing existing bonds and issuing new money for capital improvements, resulting in an estimated net present value savings of $9.9 million. Additionally, Resolution No. HII-176 was approved for Phoenix Programs, Inc. for a HELP II Loan not to exceed $500,000 to refinance a line of credit and construction loan. The Authority also approved permanent regulations for the Children's Hospital Program (Resolution No. 2005-12) and an Interagency Agreement with the State Treasurer's Office for administrative services for fiscal year 2005-06 (Resolution No. 2005-13). The session concluded with a presentation on updated seismic requirements for acute care hospitals pursuant to SB 1953.