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<br />North Suburban Hospital District Report <br />February 27, 2017 <br />Page 2 <br /> <br /> <br />Recommendation: <br /> <br />The Hospital District is asking the City to approve Resolution 8716, a resolution petitioning <br />for the dissolution of the hospital district. If approved, and if the Hospital District Board <br />accepts the petition, the Hospital District must do an accounting of all funds, pay off all <br />creditors, sell off all property it owns, and then finally affect an order of formal dissolution. <br />This is anticipated to be a lengthy process that would go well into 2017. <br /> <br />All remaining District funds are to be sent back to the member cities. The Hospital Board <br />has suggested that the money be divided on a per capita basis to the population of the <br />member cities, but it is requesting the City petitioning the Hospital District for dissolution to <br />provide input and suggest the manner of distribution in the petition. The City Council has <br />previously suggested that the distribution of funds be based on a comprehensive <br />accounting of all taxes paid by each member City since 1960. If the Council decides upon <br />an alternative manner of fund distribution, the Resolution will need to be updated <br />accordingly in Item 3 of the Now Therefore clause. <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br />________________________ <br />James Ericson <br />City Administrator <br /> <br />Attachments: <br />1. No. Suburban Hospital District Q & A <br />2. Resolution 8716 <br /> <br />