KCHS Board Plans Bond Refinance

The Kearney County Health Services Board of Trustees approved a recommendation from Cody Wickham of D.A. Davidson to propose the refinancing of the hospital’s $1.3 million HVAC Bond to the Kearney County Board of Supervisors at their meeting on December 28. Barring major interest rate hikes in the near future, KCHS CEO Fred Meis agreed with Wickham’s recommendation. The refinance would potentially save the County approximately $55,000 over the life of the bond.
Any refinance must ultimately be approved by the Kearney County Board of Supervisors. There was doubts if the item could make it onto the January 3 agenda for the county board, but would be discussed at the following meeting.
Currently, the bond holds an average 4.24 percent interest rate, but rates are currently sitting at an average interest rate of 2.19 percent, indicating an opportunity for legitimate savings.
There were no objections and the refinance proposal was passed on to the county board for their approval at the earliest possible meeting.
Immediately preceding the conversation about the hospital bonds, the board heard an update on the ongoing expansion to the south side of the hospital.
The steel is expected to be completed this week. Detailing of the steel was planned for December 29, with all steel work to be completed by the end of the first week of January.
Decking on the roof was expected to be placed beginning Tuesday, January 3. A framer was expected to come on December 29. The framing for the walls had been fabricated at a shop before delivery, including the drywall and a weather membrane inside the wall to keep out moisture.

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