A Press Release from the City of Tulare
Both the City of Tulare and the Tulare Local Hospital District are pleased to announce that, as of June 18, 2020, the line of credit provided to help the district rebuild has been paid in full, with interest.
In December, 2018, the Tulare Local Health Care District approached the City with a request for a line of credit to help “bridge” the gap as the hospital re-opened to serve our community. In February, 2019, the City agreed to provide a line of credit of up to $9,000,000 for a period of five years. In reaching their decision to provide the line of credit, the City noted the extreme importance of having an operating hospital for the community, as well as the positive effect the hospital has on the local economy as a jobs multiplier. In return for the line of credit, the District provided the City with a number of assets as collateral against the line of credit, including the Evolutions building.
Both the City of Tulare and the Tulare Local Hospital District are pleased to announce that, as of June 18, 2020, the line of credit has been paid in full, with interest. During the course of the credit usage, the District complied fully with all the terms and conditions of the agreement, including the provision of monthly financial statements to the City for full disclosure purposes as well as the payment of $63,980.65 in administrative fees and $562,065.92 in interest. According to Tulare Local Health Care District Board Chairman Kevin Northcraft, “The expected continued success of the Tulare Hospital, a major fixture in the quality of life of Tulareans, is due substantially to the great support of the City of Tulare during this time. The District is very grateful for and blessed by the City’s outstanding leadership.”
Tulare City Mayor Jose Sigala stated that, “I am glad to announce that the Tulare Hospital District has paid their outstanding obligation to the City for the funds they borrowed to save our City’s hospital. I am proud to have worked with our City Council and staff to play a role in assuring our community has a hospital. This is an example of how we can work together to improve the quality of life for our residents.”
The City is proud to have facilitated the successful re-opening of Tulare’s only hospital and looks forward to many years of continued relations.
4 thoughts on “City of Tulare and Tulare Local Health Care District Continue to Work Together to Improve Our Quality of Life”
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Wish it was a good hospital smh not worth it Visalia is where most of Tulare residents go only those without a car use this hospital staff is also not good 😔
I have had the opportunity to see both Adventist Health Tulare and Kaweah Delta hospitals up close and personal in these last 5 months. I am extremely grateful to both hospitals for their excellent care of my husband. And while I am at it I will also send a big shout out to Keck UC Medical Center in Los Angeles as well. Without going into personal medical details it is safe to say that without these three hospitals my husband could very well not be here for Father’s Day coming up in a few days. I myself use Adventist Health Tulare’s lab for all of my blood work that my doctor needs to follow my own health issues. Tulare is blessed to have our hospital up and running and well served thanks to Adventist Health and the TLHCD Board. I also want to say well done TLHCD in paying off the line of credit that the City of Tulare afforded them. Keep that partnership strong because it helps to make Tulare Strong.
That is soooo much nonsense. Many Tulareans go there. It is being run much better than KDDH that are in the middle of their own fiasco