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Health & Hospital Corporation: Board approves bond refunding, fleet software contract and committee rename; investment ordinance introduced
Summary
The board voted unanimously on two bond refunding resolutions, approved a fleet management software contract, and renamed the DEI committee; an ordinance to permit longer investments was introduced for first reading and will return for adoption in July.
The Health and Hospital Corporation (HHC) Board of Trustees unanimously approved two bond-refunding resolutions, approved a contract award from a fleet management RFP, and passed a resolution renaming the DEI Committee to the Cultural Excellence Committee. The board also introduced General Ordinance No. 2-2025 (investment of public funds) for first reading; adoption is scheduled for the July 29 meeting.
Why it matters: the bond refundings are intended to lower debt-service costs and free cash reserves, the fleet software award begins a technology upgrade for HHC vehicle maintenance, and the committee name change formalizes a shift in governance and reporting focus. The proposed investment ordinance would align the board’s authority with existing investment policy and Indiana law and — if adopted — allow certain investments with maturities between two and five years.
Votes at a glance - Consent agenda (May 2025 minutes, executive-session memorandum, treasurer/CFO report, appointments/reappointments, and two medical staff policy changes): moved by Trustee Drummer, seconded by Trustee Horn; roll-call vote passed unanimously. - Resolution 2-2025 (authorize issuance/refinancing of HHC general obligation bonds/refinancing plan presented by the bond bank): moved by Vice Chair Drummer; seconded; passed unanimously by roll call. - Resolution 3-2025 (authorize HHC to execute fourth addendum to lease with the Indianapolis Marion County Building Authority in connection with refunding 2010 B2 bonds): moved and seconded; passed unanimously by roll call. - Resolution 4-2025 (rename Standing Committee from DEI Committee to Cultural Excellence Committee): moved by Trustee Horn, seconded by Trustee Drummer; passed unanimously by roll call. - RFP award for fleet management software (contract recommendation: RTA Fleet): moved by Trustee Anafi, seconded by Trustee O’Brien; passed unanimously by roll call. - General Ordinance No. 2-2025 (investment of public funds): introduced for first reading and ordered read by title; adoption scheduled for the July 29, 2025 board meeting.
All formal actions above were recorded by roll call and passed without dissent. The board discussed minority/MBE/WBE/XBE participation on the fleet software RFP and directed staff to continue efforts to increase diverse participation in future procurements.
The board will consider final adoption of the investment ordinance at the July meeting and will proceed with additional municipal, building-authority and city-county approvals for the bond refundings according to the multi-step timeline presented.
