pages: CityCouncil/2010-09-07.pdf, 3
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CityCouncil | 2010-09-07 | 3 | transports. Ms. Stebbins responded that she does not know; stated the cost is charged to patients, not the hospital; the amount would be easy to get. Councilmember Matarrese stated that he has suggested having a liaison sub-committee with the Hospital Board and City Council, similar to those with the School District and AC Transit; some items that could be discussed with the liaison sub-committee would be: 1) off-site expansions, which would be an economic development component; 2) the VA and Alameda Reuse and Redevelopment Authority relationship; and 3) emergency and non-emergency transport services, including the City's franchise rights; the City's relationship with AC Transit and School Board is valuable. Councilmember Gilmore thanked Ms. Stebbins for the presentation; stated that she is constantly being asked how the Hospital is doing and how its financial picture fits with the need for seismic retrofitting; inquired how capital expenditures would be funded. Ms. Stebbins responded the Hospital has discussed various financing options with an advisor; stated the Hospital has very little debt; not having a long history of positive margins and reserves complicates the ability to access capital; the Cal Mortgage program is available for hospital financing; an initial presentation has been made to Cal Mortgage; a formal application will be submitted in a couple of months; a presentation will be made to the Loan Committee around December or January; Cal Mortgage tends to be more lenient in terms of consequences because Alameda Hospital is not the only hospital in a financially challenged situation. Councilmember Gilmore stated that she hopes Council receives updates as the Hospital moves through the process; the community is interested in the issue. Ms. Stebbins stated several community meetings would be held; the Hospital enjoys a very good relationship with its neighbors; the entire process will take less than a year; that she would be glad to provide regular updates. Vice Mayor deHaan inquired whether State funding or grants are available for retrofitting. Ms. Stebbins responded in the negative; stated retrofitting is another unfunded mandate; stated that she has had meetings with Congressman Stark regarding tapping into the American Recovery and Reinvestment Act, but the money cannot be used for retrofitting. Vice deHaan stated the Hospital losing the Kaiser contract resulted in a 14% cut; inquired whether the Hospital settled with the nurses. Ms. Stebbins responded the Hospital settled a four-year contract with Service Employees International Union (SEIU) before the Kaiser contract terminated in Regular Meeting Alameda City Council 3 September 7, 2010 | CityCouncil/2010-09-07.pdf |