01/25/2016 Special Meeting
FRIEND CITY COUNCIL
MINUTES-SPECIAL MEETING
JANUARY 25, 2016
Mayor Vossler called the special meeting of the City Council to order at 6:00 p.m. at the City Hall. Advanced notice of the meeting was given by posting notice of the special meeting throughout the community. All proceedings shown were taken while the meeting was open to the attendance of the public.
Mayor James Vossler presided and City Clerk Debbie Gilmer recorded the proceedings. The following Councilmembers were present: Shane Stutzman, Phyllis Ryan, Stan Krause, and Harlan Schrock. A quorum being present and the meeting duly convened, the following proceedings were had and done.
As required by the Nebraska Open Meetings Act, Mayor Vossler announced that a copy of the Nebraska Open Meetings Act has been posted on the south door of the City Hall meeting room for all in attendance to review.
Discussion and consideration was had relating to the financial situation of the Friend Community Healthcare System. The Friend Community Healthcare System is requesting the City consider authorizing them to use a $50,000 CD owned by the City as collateral for a short-term loan through Citizens State Bank. The Friend Community Healthcare System will also be getting assistance from the hospital district board in acquiring this loan. Loan proceeds would be utilized by Friend Community Healthcare System for a payment toward an outstanding debt they have for their electronic medical record system.
The Friend Community Healthcare System has applied for a loan through the USDA and is anticipating notification from them as to the status of this application. A portion of the proceeds of this loan would be used to repay the short-term loan at Citizens State Bank, at which time the $50,000 CD would no longer be needed as collateral.
Harlan Schrock requested that the Council be provided with more details of the Friend Community Healthcare System financials. Schrock and the Council agreed that they would like to see on a monthly basis, a breakdown of what expenses are paid, as well as outstanding balances due to vendors.
Motion was made by Stutzman, seconded by Schrock to authorize the use of a $50,000 CD of the City’s, as part of the collateral for a short-term loan for the Friend Community Healthcare System to use as payment toward the outstanding debt owed for the electronic medical record system, and to request that Council be provided an itemized report monthly, of Friend Community Healthcare System’s expenses paid, as well as outstanding balances due to vendors. On roll call voting aye, Krause, Schrock, Stutzman, Ryan. Nays none. Motion carried.
Mayor Vossler encouraged all Council members to plan to attend the upcoming hospital board meeting, as their annual audit will be presented at that time. This meeting is scheduled for Monday, February 1st.
No further business to come before the City Council, motion was made by Krause, seconded by Ryan, to adjourn the meeting. On roll call voting aye, Stutzman, Schrock, Ryan, Krause. Nays, none. Motion carried. Meeting adjourned at 7:46 p.m.