(Spirit Lake)– The Board of Trustees of Dickinson County Memorial Hospital voted unanimously Monday to issue not to exceed eight million dollars in capital loan notes. The bond will be used to pay off some existing debt…saving about 117-thousand dollars in interest…and to finance an expansion project. The board took the action following a public hearing that drew no opposition.
The trustees also reviewed plans for the project. The cost estimate has been revised downward to just under 5.8 million dollars since plans for a basement under part of the expansion have been dropped. Otherwise, plans are pretty much unchanged.
The board was also informed that a consultant is working with the hospital’s financial department as the search is underway for a new Chief Financial Officer to replace Jon Stover who resigned recently. Stover has accepted a similar position with an Emmetsburg firm.
