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Quincy, California
June 16, 2010     Feather River Bulletin
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June 16, 2010

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Feather River Bulletin Wednesday, June 16, 2010 15A Alicia Knadler would not negotiate the debt Indian Valley Editor down enough to agree on in 2009. The total district debt in Chapter 9 bankruptcy Directors of the Indian then was about $500,000. Valley Health Care District About half, $248,000, was agreed Monday, June 7, to debt to the Employment De- move forward with plans for velopment Department. a possible sale of the hospi- Of that total, approximate- tal property, ly $168,000 was actual debt First, though, chairman from claims paid, the hal- Guy McNett amended the ance, about $60,000, was March 1 meeting minutes, from penalties and interest, "I misspoke or there was awhich increased by about misunderstanding," he said$1,500 per month. The offer of his statement about a sale to the district was for a set- of the hospital requiring a tlement of $172,000. vote of taxpayers. The settlement would have He amended that state- reduced total debt by almost ment, saying if directors halfMcNett said at the time, wanted to sell the property but it would also have taken to an entity that would use it away any financial cushion for another hospital, then it the district had for more would have to go to a vote, than a year. according to both the dis-"Our goal here is to pro- trict's bankruptcy attorney vide healthcare not to sit on and a new one who special-a bunch of money," Teresa izes in healthcare district Vanzetta said at the time. law. "That was our goal ... to do McNett said the first stepthe right thing." Getting rid toward a sale is a detailed le- of the debt will be like a gal procedure the districtbreath of fresh air she said. would have to go through to She motioned for directors declare the hospital as sur- to approve a counteroffer of plus property. $150,000, so the lump pay- The district will go in sub- ment didn't take the whole stantial, new direction, cushion, and her motion car- "When directors closed ried. But the state didnot ac- the hospital down in 2006,cept the counter offer. they set two goals for them- Currently, McNett said the selves," McNett said, "Oneonly place the district has was to open a rural healthassets that can be used to care clinic." pay the debt off is in proper- That has become a reality ty, the buildings and land thanks to the people of East- they sit on. ern Plumas Health Care Dis- The process is legally so- trict, phisticated enough that Mc- The second goal was to clear up the Chapter 9 bank- ruptcy directors filed in No- vember 2004. One of conditions of reor- ganization was that any debt created after that date had to be paid in full, currently about $600,000 or so. The largest creditor is the California Employment De- velopment Department, who Manual & Aquatic Therapy * Orthopedic & Sports Injuries Post-surgical Rehabilitation Sciatica Program PLUMAS PHYSICAL THERAPY Kory Felker, MPT 78 Central Ave., Quincy 283-2202 REPI If it's ing we can' ll find somewm o can. oo_. v:u:.,o_:. I I General BuiMing Contractor I Calif. Lic. #453927 I (530)283-2035 I ing the well separately, same," he added. McNett also reported the McNett did agree on the "Somehow this district has togenerate comment period for the property boundary issue, a half to three-quarters of a million dollars reuse study has been extend- and will ask the attorney ed until June 30, due to in- about that. to get us out of Chapter 9." terested parties asking for Donnell said he wants di- more time. rectors to get the full value Guy McNett, Chairman Indian Valley Health Care District "There's a lot of places out of the study, since it's where the dots aren't con- public money that is funding nected," Donnell said as one it. such interested party. Plumas Corporation con- Nett recommended directors Greenville businessman Property boundaries need tracted to do the study, and retain an attorney who is ex- Ken Donnell asked what the to be clearly marked, andits directors have the power pert in healthcare district hourly rate was after the re- there are minimal schemat- to ask for amendments and law, Craig Cannizzo tainer. After a shuffle of pa- ics available for plumbing additions to the report. Cannizzo is a San Francis- pers, McNett answered $465- and electrical-- not the kind Those who did not hav~ a co partner with the Califor- $625 for principals, down to of detailed information he chance to peruse a locally nia and Washington, D.C., $265 for paralegals, would expect to be included held copy of the study may firm Hooper, Lundy, & Book- "Somehow this district in such a study, contact the Indian Valley man. has to generate a half to"The structural map of the Chamber of Commerce at He is legal counsel for three quarters of a million facility is either not cam- 284-6633 or stop by the Seneca Health Care District dollars to get us out of that plete, or just not readable at Greenville Branch Library. and was also counsel for Chapter 9," McNett added,this scale," he added. Those with Internet access Eastern Plumas when direc- In other district news, Mc- Donnell wanted to know ifmay download a copy of the tars there took over the has- Nett took it upon himself to directors would poll the vat- plan, tables and appendices pital in Loyalton, which re- reply to a Texas man inter- ers in the district aboutfrom, with quired a change in Califor- ested in buying the hospi- what they wanted, plumas as the username and nia law to accomplish, tal's geothermal well for"Maybe we could do that if hospital as the password. After much discussion, di- $3,000. there's more than one offer," Barring special meetings, rectors agreed on an initial McNett said the man re- McNett said about plans to directors of the Indian Val- retainer fee of $7,500. ferred to conversations with first declare the property as ley Health Care District "As a board member, I neighbor Tamara Talent, surplus. "Ultimately, it's up meet the first Mondays of would want to make sure and that he planned to use to the board to decide." He September, December, that we go through the legal the heat for some sort ofadded there would be public March and June at 5:30 p.m. process with somebody who agricultural purposes, meetings for input, in the Indian Valley Civic really knows what they are McNett's reply was that di- "We have due diligence toCenter at 430 Main St. in doing and is not just a gener- rectors were in the process exercise as a public agency, Greenville. al practitioner," McNett said of selling the property and like you do as a buyer-- and For more information, before the vote. were not interested in sell- sometimes those are not the leave a message at 284-7191. I "Luau at the Bow-Wow" a benefit for Sierra Animal Rescue Artwork by Julie Scott 10: The Barn @ Hwy 70 & 89 Dinner prepared by Feather River Culinary Services includes Don's specialtyprime rib, Kahlua pig, grilled cth'cken in a coconut curry sauce & morel No-Host Bar, Live Music, Raffles and Silent Auction with something for everyone/ Tickets available at: HSAR in Delleker ) The Graeagle Store in Graeagle Valu-Wise in Portola ) Epilog Books in Quincy For information call 832-4727 Event Sponsored By: Briar Patch, Coates Tire Center/Les Schwab, Graeagle Electric, Nilda & Michael Scott, Quincy Appliance, Richard Hart, and Rowdy, Teddy, Maggie & Max" , ,,, ,,Thank you/ Tickets s40 each A NO DOWN TIME NO PAIN AFFORDABLE NO SURGERY SUBTLE CHANGE LOOK YOUNGER GET RID OF FROWN LINES Long term hair removal Chest ........... Face/Neck ...... Arms-Upper ...... *2.00/'.. Arms-Lower ...... ABS ............ Lower Back ...... Shoulders ........ Upper Back ...... 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