New hospital loan to have day in court

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By Tia Lynn Ivey

managing editor

The newly accepted USDA loan for $35 million dollars to fund the construction of a new hospital in Morgan County will go through the last step of finalization on February 8 at 11 a.m. A hearing will be held before the Judge of Superior Court to validate the issuance of the USDA loan to Morgan Memorial Hospital for the replacement hospital project. Members of the public are free to attend the hearing and even have their say.

“Any resident of Morgan County, or any other person wherever residing, who has a right to object, may become a party to these proceedings,” stated a legal notice advertising the hearing.

The court will review the agreement made between Morgan County government and the Morgan Memorial Hospital Authority (MMHA), in which the county pledged to give $1 million annual subsidy for the next 25 years to MMH.

According to the legal notice on the hearing, “In said proceeding, the court will pass upon the validity of a resolution and a trust indenture in connection with the issuance of the construction notes and the USDA notes. In said proceeding, the court will also pass upon the validity of an intergovernmental agreement dated as of December 15, 2015 between the Authority and the County relating among other things, to the obligation there under by the county to pay the authority certain amounts described therein and, if necessary, to levy an ad valorem property tax on all property in the county subject to such tax, in order to make such payments to the authority.”

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