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Resolution 266 GHHHCC to LDC

Resolution 266 GHHHCC to LDC

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Published by ellenville
December 5, 2011 Resolution before the Ulster County Legislature to transfer Golden Hill Health Care Center to a Local Development Corp
December 5, 2011 Resolution before the Ulster County Legislature to transfer Golden Hill Health Care Center to a Local Development Corp

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Published by: ellenville on Dec 04, 2011
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08/02/2014

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ResolutionNo.
266
December5,2011AuthorizingTheRequiredStepsForTheGoldenHillHealthCareCenterTransferAndRelatedFinancialProcedures
LegislatorsHarrisandLomitaofferthefollowing:WHEREAS,itisthepolicyoftheStateofNewYorktopromotetheeconomicwelfareandprosperityofitsinhabitantsandtoactivelypromote,attract,encourageanddevelopeconomicallysoundcommerceandindustry,andWHEREAS,theCountyofUlsterhastheresponsibilityandburdentopromotethehealth,safetyandgeneralwelfareoftheresidentsoftheCountyby,amongotherthings,preventingunemploymentandeconomicdeterioration,increasingandmaintainingemploymentopportunities,andattractingandsustainingeconomicallysoundcommerce,andWHEREAS,itisessentialfortheCountytosupporttheoperationofnot-for-profitcorporationswithintheCountytoincreasetheemploymentopportunitiesforresidentsoftheCountyand,infurtheranceofthatobjective,theabilitytoprovidefinancingthroughtheissuanceoftaxexemptandtaxablebondsforprojectsofnot-for-profitcorporationsisessentialtothecontinueddevelopment,construction,improvement,andoperationofprojectsbynot-for-profitcorporations,andWHEREAS,theCountyofUlsterownsandoperatestheGoldenHillHealthCareCenter,a280-bednursingfacilitylocatedintheCityofKingston,CountyofUlster,StateofNewYork,andWHEREAS,theCountyLegislaturehasexaminedtheoperationsattheGoldenHillHealthCareCenterinordertodeterminethefeasibilityofcontinuingitsoperationasaCountyfacilityincluding,butnotlimitedto,businessimpedimentsuniquetomunicipalitiessuchasrisingmunicipallaborandemployeebenefitcostsandtheunreliabilityofcontinuedintergovernmentaltransfer("IGT")paymentsandthecostofprovidingformajorinfrastructureimprovementsand/orreconstruction,amongotherimpediments,andWHEREAS,theCountyLegislaturedesirestoensurethecontinuedoperationoftheGoldenHillHealthCareCenteraswellasmaintainingthe280bedswithinUlsterCounty,thereforetheCountydesirestoexaminethepossibleeventualdispositionoftheGoldenHillHealthCareCentertoaprivateentitytofacilitateredevelopmentofthefacilitytoprovideimprovedservicesinamodem,efficient,andeconomicalsetting,and
 
-Page2-ResolutionNo.
266
December5,2011AuthorizingTheRequiredStepsForTheGoldenHillHealthCareCenterTransferAndRelatedFinancialProcedures
WHEREAS,Section
1411
oftheNot-For-ProfitCorporationLawoftheStateofNewYork(the"LDCAct")authorizestheestablishmentofnot-for-profitlocaldevelopmentcorporationsoperatedexclusivelyforthecharitableorpublicpurposesofrelievingandreducingunemployment,promotingandprovidingforadditionalandmaximumemployment,betteringandmaintainingjobopportunities,instructingortrainingindividualstoimproveordeveloptheircapabilitiesforsuchjobs,carryingonscientificresearchforthepurposeofaidingacommunityorgeographicalareabyattractingnewindustrytothecommunityorareaorbyencouragingthedevelopmentof,orretentionof,anindustryinthecommunityorarea,andlesseningtheburdensofgovernmentandactinginthepublicinterest,andWHEREAS,theLDCActfurtherauthorizesthelegislativebodyofacounty,byresolution,todeterminethatcertainrealpropertyoftheCountynotrequiredforusebytheCountymaybesoldorleasedtoanot-for-profitlocaldevelopmentcorporationforpurposesthatincludelesseningtheburdensofgovernmentandactinginthepublicinterest,andWHEREAS,Section1411(d)oftheLDCActfurtherprovidesthatthesaleorleasemaybeonsuchtermsasmaybeagreeduponbytheCountyandalocaldevelopmentcorporation,withoutappraisalorpublicbidding,andWHEREAS,infurtheranceofthepublicpurposessetforthabove,theCountyLegislatureproposestotransferitsinterestincertainportionsoftheland.buildings.equipmentandassetsoftheGoldenHillHealthCareCenter(collectively,the"Facility")totheGoldenHillLocalDevelopmentCorporation,formedpursuanttoSection1411(a)oftheLDCAct(hereinafterthe"Corporation").subjecttotheCounty'sreservedleaseholdinterestintheFacility(collectively,the"Disposition"),withtheforegoingDispositionallowingtheCountytocontinueoperationoftheFacilityuntilsuchtimeastheCorporationtransfersownershipoftheFacilitytoathirdpartyorparties,andWHEREAS,pursuanttotheLDCAct,theDispositionoftheFacilitytotheCorporationmaybeonsuchtermsandforsuchamountoramountsasmaybeagreeduponbytheCountyLegislatureandtheCorporation,andasprovidedherein,theCountyshallrequirethatthenetproceedsoftheDispositionandofanyeventualsaletoathirdpartyarepaidtotheCounty,and
 
-Page3-ResolutionNo.
266
December5,2011AuthorizingTheRequiredStepsForTheGoldenHillHealthCareCenterTransferAndRelatedFinancialProcedures
WHEREAS,theDispositionoftheFacilitywillentailoneparcelofrealpropertywithimprovementsthereonthattotalsapproximately27acres,beingmoreparticularlyidentifiedasaportionoftaxmapparcelSBLNo.56.40-1-19(the"Land"),andWHEREAS,duringthetermoftheCounty'sretainedleaseholdinterest,theemployeesoftheGoldenHillHealthCareCenterwillcontinueasCountyemployeeswithallCountyrightsandbenefitsassociatedtherewith,andWHEREAS,toaccomplishthepurposesandpowersassetforthwithintheLDCActandthepurposesandpowersoftheCorporation,includingrelievingtheburdensoftheCountyandtheundertakingoftheDisposition,theCountydesirestotasktheCorporationwithsuchburdensandresponsibilitiesandauthorizestheCorporationtoissuebondsonbehalfoftheCountyforsuchpurposespursuanttoandinaccordancewithapplicableprovisionsoftheInternalRevenueCode(the"Code"),andWHEREAS,inordertofacilitatetheDispositionpursuanttoSection1411(d)oftheLDCAct,theUlsterCountyLegislaturemayauthorizetheissuanceoftaxexemptbondsonbehalfoftheCounty,theproceedsofwhichwouldbepaidtotheCountybytheCorporationasaportionofthetotalpurchasepriceoftheFacilityandothercostsassociatedtherewith,andWHEREAS,pursuanttoandinaccordancewithSection1411(d)oftheLDCAct,apublichearingrelatingtotheDispositionwasdulyscheduled,noticedandconductedbytheUlsterCountyLegislaturepriortotheadoptionofthisresolutionwhichhearingwasheldonNovember29,2011,now,therefore,beitRESOLYED,theUlsterCountyLegislatureherebyauthorizesthefollowing:1.PursuanttoSection1411(d)(1)oftheLDCActandupondueconsiderationofthepresentationsandcommentsreceivedduringthepublichearing,theCountyLegislatureherebydeterminesthattitletotheFacilityisnotrequiredforusebytheCounty;and

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