Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Clifton Heights council to consider $300,000 loan to cover ambulance startup costs as STAT Medical steps in
Summary
Council members discussed a plan for STAT Medical to take over ambulance staffing and for the borough to front $300,000 to Clifton Heights Fire Company to cover startup payroll and operating costs while billing revenues begin to flow.
Clifton Heights Borough officials said they will ask council to authorize a $300,000 loan to the Clifton Heights Fire Company to cover startup and payroll costs as STAT Medical assumes local ambulance staffing.
The Borough Manager told council, “we're asking council to lend the fire company $300,000 in exchange for when the money comes in, they'll be reimbursing us back.” John McLean, the borough solicitor, described the loan as a temporary advance secured by future billing revenue: “we would be granting money on a loan basically, a loan condition to the to the fire company,” and the borough would take a security interest in reimbursements until the advance is repaid.
Why it matters:…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
