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Dr. Dan C. Trigg Hospital requests $500,000 from Quay County; county reports $20.15M hospital bond sale
Summary
Hospital CEO Vickie Gutierrez asked the county to authorize two $250,000 mill-levy/gross-receipts tax payments to support operations. Separately, County Manager Daniel Zamora reported a $20.15 million gross-receipts-tax bond sale tied to the hospital project; bond documents and an S&P 'A-' rating are in the meeting packet.
Vickie Gutierrez, hospital chief executive and chief nurse executive at Dr. Dan C. Trigg Memorial Hospital, told the Quay County Commission on Oct. 13 that the hospital is requesting Mill Levy and Gross Receipts Tax payments of $250,000 in October and $250,000 in December to support operations.
"The Mill Levy and Gross Receipts Tax Payment referenced above will be extremely helpful to hospital operations for the year," Gutierrez wrote in the hospital's request letter to the commissioners. The board approved the two payments by voice vote (motion by Dallas Dowell; second by Brian Fortner). The meeting packet includes the hospital's first- and second-quarter report showing year-to-date financial indicators and service volumes.
County Manager Daniel Zamora reported that the county completed a bond sale tied to the hospital project. Packet materials provided to commissioners include bond-pricing documents showing a par issuance of $20,150,000 and related sources/uses, and an S&P Global Ratings research update assigning a long-term 'A-' rating to the county's Series 2025 Gross Receipts Tax revenue improvement bonds. The documents in the packet note the proceeds will be used to construct a new county hospital to replace the existing facility; the bond schedule lists principal and interest through a final maturity of Dec. 15, 2054.
Why this matters: The combined county payments and the bond financing are central to the hospital's near-term cash flow and the county's longer-term capital plan. Commissioners approved the payment request and heard the financing update; the county's financing materials are part of the official packet.
