Explanation
BACKGROUND
This legislation authorizes the Director of the Department of Development to enter into a Capital Improvement Grant Agreement with Lower Lights Christian Health Center, Inc. (LLCHC) for the purpose of acquiring real property to sustain and grow services to individuals and families living in its surrounding neighborhoods.
In 2014 Mount Carmel Health System decided to vacate their primary care practice and facility at 1560 South High Street. Lower Lights Christian Health Center and Mount Carmel negotiated an agreement that Lower Lights Christian Health Center would occupy the facility and provide health care services to the patients previously served by Mount Carmel Health System. A good faith lease agreement allowed LLCHC to pay for upkeep with no annual rental fee.
Recently, Mount Carmel Health System alerted LLCHC that they wish to liquidate the property located at 1560 South High Street location from their portfolio and has offered LLCHC the first right of refusal to purchase the location at the appraised price of $500,000.00. Acquisition of the property was required to ensure services provided continued without interruption.
The City desires to help LLCHC to purchase the 1560 South High Street location to sustain and grow their services to individuals and families living in its surrounding neighborhoods. The City is providing a capital improvement grant of $250,000.00 to reimburse LLCHC for half of the appraised purchase price.
Emergency action is requested to immediately reimburse LLCHC for expenses incurred acquiring property located at 1560 South High Street to continue existing operations.
FISCAL IMPACT: Funding is available within Department of Development Capital Improvement Budget.
CONTRACT COMPLIANCE: the vendor number is 024638 and expires 4/10/2025.
Title
To authorize the Director of Development to enter into a Capital Improvement Grant Agreement in an amount up to $250,000.00 with Lower Lights Christian Healt...
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