This chapter may be known as the "City of Glendale Health Facility
Revenue Bond Law."
(Prior code § 29-1)
The council finds and declares that it is necessary, essential,
a public purpose and a municipal affair for the city to be authorized
to provide financing to health institutions within the city that provide
essential services to residents of the city in order to aid such health
institutions in containing costs and thereby to enable such health
institutions to establish lower charges or containment of the rate
of increase in hospital rates. Unless the city intervenes to provide
such financing or refinancing, such rates and charges may increase
at an ever accelerated pace because such health institutions cannot
obtain financing at equivalent cost from private sources.
(Prior code § 29-2)
Unless the context otherwise requires, the terms defined in
this chapter shall have the following meanings:
means any bonds, notes, certificates, debentures or other
obligations issued by the city pursuant to this chapter and payable
exclusively from revenues as in this chapter defined and from any
other funds specified in this chapter upon which such obligations
may be made a charge and from which they are payable.
means the city of Glendale.
means the total of all costs incurred by or on behalf of
a participating health institution as are approved by the city as
reasonable and necessary for carrying out all works and undertakings
necessary or incident to acquisition, construction, financing or refinancing
of a health facility. "Cost" shall include all such costs, including
costs for construction undertaken by a participating health facility
as its own contractor, which under generally accepted accounting principles
are not properly chargeable as an expense of operation and maintenance.
means the city council of the city of Glendale. Health Facility.
"Health facility"
means any facility, place or building within the city which
is maintained and operated for the diagnosis, care, prevention and
treatment of human illness, physical or mental, including convalescence,
rehabilitation and care during and after pregnancy or for any one
or more of these services, and which provides and will continue providing
to residents of the city essential health care services designated
as such in an agreement between the city and the participating health
institution providing or operating such facility, place or building.
"Health facility"
includes a portion of one of the above types of facilities
and includes the following facilities if operated in conjunction with
one of the above types of facilities: a laboratory, a laundry, a nurses'
or interns' residence, a housing facility for patients, staff or employees
and the families of any of them, an administration building, an office
building, a research, maintenance, storage, utility or parking facility
and all structures or facilities related to any of the foregoing or
required or useful for the operation of a health facility.
"Health facility"
shall not include any facility or building used or to be
used primarily for sectarian instruction or study or as a place for
devotional activities or religious worship.
means a private nonprofit corporation or association authorized
by the laws of the state to provide or operate a health facility as
defined in this chapter and which, pursuant to the provisions of this
chapter, undertakes the financing of the acquisition and construction
of a health facility or undertakes the refunding or refinancing of
obligations incurred to finance the acquisition and construction of
a health facility.
means amounts received by the city as repayment of principal,
interest, and all other charges with respect to a loan under this
chapter, any proceeds received by the city from mortgage, hazard or
other insurance on or with respect to such a loan, all other rents,
charges, fees, income and receipts derived by the city from the financing
or refinancing of a health facility under this chapter, any amounts
received by the city as investment earnings on moneys deposited in
a reserve fund or any similar fund securing bonds, and such other
moneys as the council may, in its discretion lawfully designate as
revenues.
(Prior code § 29-3)
