08/06/2007 Council Packet - Laserfiche WebLink

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RESOLUTION AND FINAL ORDER The Governing Board of Memorial Hospital District in Forest Lake (the "Governing Board ") met on November 9, 2006 at a special meeting. The Governing Board, after having reviewed, discussed and considered issues concerning the proposed dissolution of Memorial Hospital District in Forest Lake (the "Hospital District "), hereby makes the following Resolution and Final Order of Dissolution: RECITALS AND FINDINGS A. The Hospital District was duly formed pursuant to applicable Minnesota Statutes in 1960 and has existed as a district hospital since that date. B. On or about January 1, 1995, the Hospital District and Fairview Hospital and Health Care Services ( "Fairview ") entered into an Affiliation Agreement and a Lease Agreement ( "Lease Agreement "). The Lease Agreement, among other things, provided that Fairview would take possession of the Hospital District's facility in the City of Forest Lake (the "Hospital Facility "). In addition, the Lease Agreement granted Fairview the option to purchase the Hospital Facility and related assets. C. Since the date of the Lease Agreement, Fairview has opened and continues to operate a regional health care facility in Wyoming, Minnesota (the "Regional Facility "). D. In February 2006, the Hospital District conveyed title to the Hospital Facility and related assets to Fairview pursuant to an earlier exercise by Fairview of its option to acquire the same. E. Following the conveyance referred to in the immediately preceding Recital and Finding, the Hospital District received a Petition for the Dissolution of the Hospital District which had been adopted pursuant to a Resolution by the Hugo City Council on or about June 19, 2006 (the "Petition for Dissolution "). F. The Governing Board finds that upon the conveyance of the Hospital Facility and related assets referred to in Recital D, all property of the Hospital District, except certain funds (the "Remaining Funds "), have been disposed of, or will be disposed of at the time of the distribution of Remaining Funds as set forth elsewhere herein. G. The Board hereby specifically finds that as a result of the opening and continued operation of the Regional Facility, and the conveyance to Fairview of the Hospital Facility and related assets, the conditions which originally existed for the creation of the Hospital District no longer exist and that the dissolution of the Hospital District is appropriate under the circumstances. H. The Petition for Dissolution contained a proposal for the distribution of the remaining funds of the Hospital District in accordance with Minn. Stat. §447.38. That proposal suggested that the remaining assets of the Hospital District be divided equally among C:\Documents and Settings\John Miller \Desktop\DMH\Dissolution\Resol and Order.7.doc