MINUTES OF A SPECIAL BOARD MEETING OF
THE BOARD OF MANAGERS OF
THE WALKER COUNTY HOSPITAL DISTRICT
October 11, 2016
STATE OF TEXAS X
COUNTY OF WALKER X
The Board of Managers of the Walker County Hospital District, Walker County, Texas met in a special session, open to the public, Tuesday, October 11, 2016 at 7:00 p.m. at Huntsville Memorial Hospital, 2nd Floor Room A, Huntsville, Texas.
Members of the Board present included:
Chairman, Robert Hardy
Vice Chairman, Ron Lange
Secretary, Mr. Larrison
Manager, Susan Mott
Manager, Judy Emmett
Also in attendance were: Keli Molina, WCHD Administrative Assistant; Joe Henderson, Attorney at Law representing WCHD; Chris Janning, Hilltop Securities and guest Anne Karr, Donna Pinon and Chad J. Byrd.
Agenda Item #1: Call meeting to order.
Chairman Hardy called to order a special meeting of the WCHD Board of Managers at 6:05 p.m.
Agenda Item #2: Executive session: The Board of Managers will convene in closed session pursuant to Government Code Sections 551.071 and 551.072 to consult with the District’s financial advisors and legal counsel concerning the sale of real estate and consideration of entering into a confidential and exclusive Letter of Intent for the purchase of assets of Walker County Hospital District and Walker County Hospital Corporation.
The Board of Managers convened in closed session to consult with the Districts financial advisors and legal counsel concerning the sale of real estate and consideration of entering into a confidential and exclusive Letter of Intent for the purchase of assets of WCHD and WCHC.
Agenda Item #3: Reconvene: Open session for action following executive session.
Chairman Hardy announced to the audience that the board was reconvening in open session to take action on the subject matter which had been discussed in the closed executive session.
Agenda Item #4: Consider and act upon proposed Letter of Intent discussed in Executive Session authoring District’s representatives to enter into Letter of Intent to engage in negotiations to enter into an agreement for the purchase of the assets of Walker County Hospital District and Walker County Hospital Corporation with the entity previously selected.
Mr. Larrison made the motion to authorize Chairman Hardy to sign the proposed Letter of Intent with the minor changes recommended by the financial advisors and lawyers. The financial advisors and lawyers will present the final Letter of Intent to Mr. Hardy for his signature. Mr. Lange made the second to the motion which passed by a vote of 5 yes votes which made a unanimous vote for the motion.
Agenda Item #5: Adjourn meeting.
Meeting was adjourned at 7:30 p.m. the meeting was adjourned.