Cumberland Times-News

Latest news

April 9, 2013

Bill to help finance Garrett hospital expansion passes

OAKLAND — Legislation to help finance expansion of Garrett County Memorial Hospital has passed the General Assembly and is on a list of bills that Gov. Martin O’Malley has said he plans to sign.

The bill allows county commissioners to borrow up to $15 million on behalf of the hospital by issuing bonds. That will allow financing at a lower interest rate than by the hospital alone seeking loans.

O’Malley has several bill-signing ceremonies in the coming days and it was unclear if the bill was signed Tuesday.

The legislation was sponsored by Sen. George Edwards and Delegate Wendell Beitzel.

Garrett County won’t be paying on the bonds though, County Administrator Monty Pagenhardt said in a previous interview.

“The hospital will pay back the entire amount,” Pagenhardt said.

The county will act as a conduit for the funding, allowing the loan to be “bank-qualified” and backed by the full faith and credit of Garrett County, resulting in a lower interest rate.

“The county would be arranging for the financing of those bonds and, through the county, they could get the bonds at a much cheaper rate,” Beitzel has said.

The hospital project includes a new four-story addition to the existing hospital with a focus on improvements to in-patient units and an additional 42,000 square feet of major renovations.

The total cost of the project is $23.5 million and includes a $15 million request from the county and $8.5 million in cash contributions and fundraising, hospital officials have said.

Garrett County requires the approval of the General Assembly to borrow large sums, legislators said.

The money being borrowed for the hospital does not affect a separate bond authorization available to the county, said Pagenhardt.

The hospital also continues to pay off two other bonds, one from 2004 in the amount of $1.4 million and one from 2007 in the amount of $3 million, Pagenhardt said. Those bonds also funded hospital improvements.

Contact Matthew Bieniek at mbieniek@times-news.com.

1
Text Only
Latest news
  • Springs, Pa., man missing since Jan. 6

    SPRINGS, Pa. — Pennsylvania State Police are seeking help to find a Springs man missing since Jan. 6.

     

    April 19, 2014

  • Man charged with handgun crime

    Timothy Hart Winkler, 30, Grantsville, was arrested by city officers early Friday after a complainant and a witness said he pulled a handgun during an argument in front of 124 Seymour St.
     

    April 19, 2014

  • Redman.asp.jpeg Moorefield man jailed on felony drug count

    KEYSER, W. Va. — A Moorefield man was arrested on various charges Thursday, including a felony drug offense for possession of amphetamines, according to the Keyser Police Department.

    April 18, 2014 1 Photo

  • City woman charged in domestic call

    CUMBERLAND — A city woman was arrested Thursday evening after Cumberland Police investigated a domestic assault complaint in the 100 block of Pennsylvania Avenue.

    April 18, 2014

  • Carlton.jpg Arrest made in alleged drug deal

    CUMBERLAND — A 25-year-old city man was arrested Thursday night after Cumberland Police observed him allegedly taking part in a drug deal on Columbia Street.

    April 18, 2014 1 Photo

  • Sheriff warns of scams targeting taxpayers

    CUMBERLAND — Allegany County Sheriff Craig Robertson cautioned residents Thursday to be aware of continuing telephone scams that are targeting taxpayers.

    April 17, 2014

  • DSC_0446.JPG Oakland returns to normal after tanker accident

    OAKLAND — Nearly 12 hours after a propane tanker overturned in the heart of its business district, the town of Oakland returned to normal early Wednesday night.

    April 17, 2014 1 Photo

  • New River Gorge bald eagle dies from injuries

    CHARLESTON, W.Va. (AP) — A female bald eagle that nested in the New River Gorge has died from injuries suffered last month when she was hit by a train and later by a vehicle.
     

    April 17, 2014

  • 10 things to know for today

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today:
     

    April 17, 2014

  • Park Service opens Canal Classrooms Park Service opens Canal Classrooms

    CUMBERLAND – The National Park Service held a ribbon-cutting event Wednesday for a new program called Canal Classrooms, which will offer students pre-K through fifth grade accredited classwork on the Canal Place grounds.

    April 17, 2014 1 Photo

Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Raw: Church Tries for Record With Chalk Jesus Raw: Faithful Celebrate Good Friday Worldwide Deadly Avalanche Sweeps Slopes of Mount Everest Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism Vermont Goat Meat Gives Refugees Taste of Home Calif. Investigators Re-construct Fatal Bus Cras Mayor Rob Ford Launches Re-election Campaign Appellate Court Hears Okla. Gay Marriage Case
Facebook
Must Read
House Ads
NDN Video
Jabari Parker's Top 5 Plays From Duke Career More Manpower Than Ever Expected At 4/20 Rally Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Space X Launches to Space Station My name is Cocaine Lohan Gets Candid About Her Sex List The 2014 New York Auto Show Meet Johnny Manziel's New Girlfriend Chelsea Clinton Announces Pregnancy Funny: Celebrating Easter with Martha Stewart and Friends Man Accuses 'X-Men' Director Bryan Singer of Sexually Abusing Him As a Teenager Man hit with $525 federal fine after he doesn't pay for soda refill Lea Michele & Naya Rivera Feuding? Jabari Parker declares for the NBA draft Singing Nun Belts Out Cyndi Lauper New West, Texas Explosion Video Swim Daily, Throwback Thursday Don't Be A Tattletale: Bad Bullying Tips For Students The trillest thoughts on marijuana "RHOA" Star Charged With Battery
NDN Video
Jabari Parker's Top 5 Plays From Duke Career More Manpower Than Ever Expected At 4/20 Rally Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Space X Launches to Space Station My name is Cocaine Lohan Gets Candid About Her Sex List The 2014 New York Auto Show Meet Johnny Manziel's New Girlfriend Chelsea Clinton Announces Pregnancy Funny: Celebrating Easter with Martha Stewart and Friends Man Accuses 'X-Men' Director Bryan Singer of Sexually Abusing Him As a Teenager Man hit with $525 federal fine after he doesn't pay for soda refill Lea Michele & Naya Rivera Feuding? Jabari Parker declares for the NBA draft Singing Nun Belts Out Cyndi Lauper New West, Texas Explosion Video Swim Daily, Throwback Thursday Don't Be A Tattletale: Bad Bullying Tips For Students The trillest thoughts on marijuana "RHOA" Star Charged With Battery