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GHD approves $247 million general obligation bond on the June 2006 ballot

The board of directors of the Grossmont Healthcare District (GHD), a public agency formed in 1952 to build and operate Grossmont Hospital in La Mesa, has unanimously approved a resolution to place a $247 million general obligation bond on the June 2006 ballot.

According to Dr. John Hardebeck, GHD 2006 Board President, revenue from the bonds will be used to complete the hospital's emergency and critical care center, upgrade and expand rapid-response cardiac care capabilities, provide 90 new patient beds to support a growing population, comply with earthquake standards to improve disaster response capabilities and ensure continued access to emergency and hospital care services for District residents.

Other needs include improving the 50-year-old hospital's electrical, plumbing and other building systems infrastructure to support state-of-the-art medical technology. Approval of the bond measure requires a two-thirds majority.

The Grossmont Healthcare District, which supports various health-related community programs and services in San Diego's East County region, serves as landlord of Grossmont Hospital on behalf of local taxpayers, including ownership of the property and buildings. In 1991, the District leased the hospital's operations to Sharp Healthcare under a 30-year lease that runs through the year 2021.

The District is governed by a five-member board of directors, each elected to four-year terms, who represent nearly 500,000 people residing within the District's 750 square miles in San Diego's East County. For more information about GHD, visit www.grossmonthealthcare.org.

RESOLUTION NO. 03-06

TAX RATE STATEMENT

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