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Butler Health System's yearly debt payments will remain steady despite construction of an office building and a debt refinancing plan, the system's chief financial officer said.
The $21 million building is scheduled to open in November, containing offices for physicians along with cardiology, gynecology, oncology, palliative care, orthopedics, pain management and other programs, said Anne Krebs, chief financial officer of Butler Health.
The three-story building will house 20 to 25 physicians and physician assistants or nurse practitioners and 50 and 60 support staff and free space in the main hospital in Butler.
We've been experiencing growth in physician practices, and we don't have the space to accommodate them, Krebs said. Construction of the building at routes 422, 38, and 68 in Summit began in December.
The health system chose the site, spokeswoman Connie Downs said, because the adjacent East Campus is the busiest in the system. The new building will establish an outpatient facility about a quarter-mile from the hospital.
The health system is expected to issue $91.2 million in bonds this week.
Proceeds from the sale of the tax-exempt bonds will repay most of more than $100 million the health system financed through the Butler County Hospital Authority to repay a 2009 expansion project, but at a lower interest rate.
Krebs said the precise interest rate wouldn't be known until this week.
We assume it's going to be fairly robust savings to justify the process, Krebs said.
The hospital has about $132 million in long-term debt, according to Moody's Investors Service. With the new financing, it'll add about $20 million to that debt. However, Krebs said, with lower interest rates, the health system expects its annual debt payments will remain at about $9.7 million.
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Butler Health System to add $21M facility, has maintained consistent financial upswing
NORRISTOWN >> Norristown council unanimously adopted zoning regulations Feb. 3 for a proposed age-restricted apartment development at the former Montgomery Hospital site on Powell Street.
The zoning amendments to the office residential (OR) zoning district located around the former hospital are designed to allow construction of a 100-unit, age-restricted adult apartment complex and related uses.
The new regulations allow an adult day care center building, and a professional medical office building with a maximum building height of 75 feet or six stories, whichever is less.
The high-density elderly housing allowed in the zoning district has a maximum building height of 55 feet or four stories, whichever is less. An adult day care center or a neighborhood commercial building are restricted to a maximum height of 26 feet or two stories.
The maximum impervious coverage allowed is 65 percent, and the maximum building coverage is 30 percent. The minimum common open space required is 20 percent.
A traffic impact study will be done for the entire development even though the developer plans to build it in two, 50-unit phases.
There were no public comments from members of council or from members of the public on the zoning regulations.
The Norristown Planning Commission had reviewed the zoning changes and recommended them to council.
The Elon Group of Fort Washington has proposed 100 apartments in two four-story (50-unit) buildings and a 15,000-square-foot life center that would be built in two phases over more than two years in order to qualify for funding from the Pennsylvania Housing Finance Agency funding for both phases, said Francis Vargas, the vice president of the Elon Group. Parking for 48 cars on site would be supplemented by 200 designated parking spaces in the former hospitals parking garage. The medical office building would remain, but an overhead, enclosed walkway to the hospital building over Powell Street will be demolished.
In other business Tuesday, a two-year contract with the AFSCME Local 317 representing clerical and technical workers was unanimously approved by council. Continued...
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Norristown council OKs zoning for senior apartments
By Kendra Nichols February 13 at 4:02 PM
Kitchens are always a popular topic in our weekly Home Front chats. So its no surprise the subject was on everyones minds recently when we were joined by Bruce Case of Case Design/Remodeling. The home renovation expert had a lot to say about creating a beautiful, comfortable, timeless kitchen.
1. Flooring
Wood is the most popular flooring choice, Case says. To make the space feel larger and more cohesive, try to use the same material throughout the space (including adjoining halls and rooms). He also sees a lot of tile and cork, and a growing number of people interested in porcelain planks designed to look like wood. Theyre a good choice for any room in your house, however, you may want to consider installing a heated floor to add comfort.
2. Cabinets
Painted cabinets are timeless, as is a gray/white color palette, Case says. Gray or white cabinets are easy to pair with wood floors, but theyre not the only option. Wood floors with stained cabinets is a great combination. You want to be selecting the species and stain of each, so that they complement one another. For example, light floors and dark cabinets is a safe way to go and creates contrast, Case says.
3. Hardware and finishes
While its safer to stay neutral in the major categories flooring, cabinets, counters easily changeable items such as plumbing fixtures and hardware offer a chance to get creative and show your personality.
4. Tile
Traditional doesnt have to mean boring. For a modern take on a timeless trend, Case says, think about installing traditional material in a nontraditional way. For example, buy a classic Carrara marble tile but lay it in a chevron pattern for a backsplash.
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Tips for a timeless kitchen
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The Iron Mountain Lake City Council met in regular session on Monday evening. During the meeting the board discussed and voted on Bill 15-01, the ordinance to raise the sewer user fee to $30 per month.
The monthly sewer rates were raised from $22 to $30 and the board gave a unanimous vote in favor of the increase.
Shaun Kunz gave a sewer report and stated that the UV Disinfection System is ready for siding and the metal has been ordered. In addition to that, the valve repair and replacement has come along nicely and the sewers are running well with very few issues.
The electric bill was not as high as they expected with the sewer system's aerators running 24 hours a day, seven days a week to decrease the ammonia levels. Due to the valves working properly, the motors dont have to run nearly as much as they used to.
Under new business the board approved Bill 15-03 ordinance 10, which is to update the business license requirements within the lake community. They also discussed organizing a committee for obtaining USDA funding for a road grader and other equipment.
After much discussion a motion was made to organize a committee for an interlocking board to pursue funding for road improvements. It was a 2-1 vote with Josh Skaggs voting no and Rodger Stodgell and Rita Gephardt voting yes.
The group approved sending City Clerk Lanette Kunz to Columbia for a city clerk institute training from March 8-12 at a projected cost of $1,200 for all expenses. The council discussed the dog pound issues with the USDA requirements. They are still waiting for Pilot Knob Rural Water District to locate their water lines and are still waiting on electrical hook-ups.
The council tabled the repairs to a Dodge pickup truck for the city and park board use until a price list of repairs is furnished for the council to review. They also discussed pursuing a grant for park improvement, lake dredging and bathrooms through a 55/45 grant match through DNR based on Southeast Missouri Regional Plannings recommendations.
The council asked that the city clerk continue updates and gather information to pursue a grant through this program starting in the fall for the spring 2016 deadline.
The annual Rake the Lake event is set for May 30 and the council discussed and approved a working budget for prizes and advertising supplies in the amount of $821.36.
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Community raises sewer rates
Installation of a Fifth Wheel Wiring Harness Installation on a 2010 Chevrolet Silverado
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Installation of a Fifth Wheel Wiring Harness Installation on a 2010 Chevrolet Silverado - Video
