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0665 RESOLUTION NO. 665 ( #11 - 2011) A RESOLUTION AUTHORIZING THE MAYOR, CITY CLERK AND BOARD OF NORTH METRO MEDICAL CENTER TO NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS IN EFFORTS TO SECURE A SHORT TERM LEASE FOR THE OPERATION OFA LONG TERM ACUTE CARE FACILITY AT NORTH METRO MEDICAL CENTER; AND, FOR OTHER PURPOSES. WHEREAS, the City of Jacksonville, Arkansas, desirous of participating in a short term lease proposal for the operation on our City -owned medical facility, North Metro Medical Center, as a short term acute care hospital so as to continue meeting the ever - changing medical needs and requirements of local residents and citizens; and, WHEREAS, the City Council understands the importance of satisfying community medical needs and providing acute health care in these economically troubled times of too little reimbursement from medical insurance providers and governmental benefits. As such, the Mayor, City Clerk, and North Metro Board should be authorized to execute an appropriate short term [Fifty (50) days] acute care medical facility lease with Allegiance Specialty Hospital and /or its designated entity and negotiate an appropriate extension of such a lease until December 31, 2012, in compliance with the terms of the existing and outstanding hospital bond issues. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT: SECTION ONE: To satisfy medical care needs of local citizens and residents within the Jacksonville and North Pulaski County area, the Mayor, City Clerk, and North Metro Hospital Board are hereby authorized and directed to negotiate and execute with Allegiance Specialty Hospital and /or its designated entity an appropriate Fifty (50) day Lease Agreement and, ultimately, an extension of said Lease Agreement necessary to obtain and secure a longer term Lease Agreement up to and until December 31, 2012, for continued operation and provision of an acute care hospital within the North Metro facilities and premises but within compliance of all existing outstanding hospital bond issues. SECTION TWO: Any and all other Resolutions in conflict herewith are hereby repealed to the extent of said conflict. This Resolution shall be in effect from and after its date of passage. RESOLUTION 665 ( #11 -2011) PAGE TWO APPROVED AND ADOPTED THIS I DAYOFAUGUST, 2011. CITY O ACKSO ARKANSAS GARYFLa• • °AY ATTEST.` f l asa,s • r1 SUSAN DA , CITYCLE•. fr 2. b • D AS TO • • : A_- ROSE• E B' OR N