Chapter 8.08 HEALTH FACILITIES FINANCING LAW ADOPTED
Section 8.08.030 Definitions.
Unless the context otherwise requires, the terms defined
in this section shall have the
following meanings in this chapter:
"Bonds" means any bonds, notes, certificates, debentures
or other obligations issued by the
city pursuant to this chapter.
"City" means the city of Grass Valley.
"Cost" means the total of all costs incurred by
or on behalf of a participating health institution
necessary or incident to acquisition, construction, rehabilitation or improvement of a health
facility or the refunding or refinancing of obligations incurred to finance such acquisition,
construction, rehabilitation or improvement. "Cost" shall include all such costs which under
generally accepted accounting principles are properly chargeable to a capital account (whether or
not actually so charged), including, without limitation, the cost of all lands, structures, real or
personal property, franchises, rights and interests acquired or used in connection with a health
facility, the cost of demolishing or removing any structures (including the cost of acquiring any
lands to which such structures may be moved), the cost of engineering, architectural, financial
and legal services, plans, specifications, studies, surveys, estimates, administration expenses or
other expenses necessary or incidental to determining the feasibility of or to acquiring,
constructing, rehabilitating, improving or financing a health facility, including all costs of
issuance of bonds for such purposes, reserves for debt service and for repairs, replacements,
additions and improvements, and capitalized bond interest for such period as the city may
determine.
"Council" means the city council of the city of
Grass Valley.
"Health facility" means any facility, place or
building 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, a research, maintenance, storage, utility or parking facility and
all real and personal property, land, buildings, structures, facilities, equipment, fixtures and
furnishings related to any of the foregoing or required or useful for the operation of a health
facility. "Health facility" shall not include any facility, place or building used or to be
used
primarily for sectarian instruction or study or as a place for devotional activities or religious
worship.
"Participating health institution" 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,
construction, rehabilitation or improvement of a health facility or undertakes the refunding or
refinancing of obligations incurred to finance such acquisition, construction, rehabilitation or
improvement.
"Revenues" means amounts received by the city as
repayment of principal, interest, and all
other charges with respect to a loan, lease, sublease or sale agreement under this chapter, any
proceeds received by the city from mortgage, hazard or other insurance on or with respect to such
a loan, lease, sublease or sale agreement, all other rents, charges, fees, income and receipts
derived by the city from the financing of a health facility under this chapter, any amounts
received by the city as investment earnings on moneys deposited in any fund or account securing
bonds, and such other moneys as the council may, in its discretion, lawfully designate as
revenues. (Prior code § 10A-3)