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Prop. G Independent Citizens' Bond Oversight Committee > Site files > news  

Citizens group presents Annual Report on Grossmont Healthcare District bond

 

 

A volunteer citizens group that is overseeing how the Grossmont Healthcare District (GHD) is spending millions of dollars in voter-approved public financing for construction projects at Grossmont Hospital has issued its first-ever annual report on its inaugural year.

 

The 11-member group, called the Independent Citizens’ Bond Oversight Committee (ICBOC), began meeting in September 2006, following the June 2006 election when East County voters approved the GHD-sponsored Proposition G, a $247 million bond measure that is financing various capital improvement construction projects at Grossmont Hospital in La Mesa. Prop. G passed by more than 77 percent, well above the two-thirds required.

 

The ICBOC group includes East County residents who are experienced in project management, large-scale construction operations and finance. In addition, the ICBOC includes representatives from Sharp Grossmont Hospital, as well as designees from the San Diego County Labor Council and San Diego County Taxpayers Association.

 

The ICBOC’s 2007 Annual Report discusses the background of Prop. G, the role of the Grossmont Healthcare District and the ICBOC’s function to inform the public of the District’s expenditures of revenues received from Prop. G bond proceeds. The annual report also lists the names of the 11 volunteers, a group photograph and a timetable of ICBOC accomplishments during the past year. Among the notable highlights is the ICBOC’s monitoring of the August 2007 sale of $85.6 million in general obligation bonds. It was the first of three anticipated sales of Prop. G general obligation bonds, and the first time since the hospital was built that general obligation bonds have been sold to fund improvements at the 51-year-old regional medical complex. 

 

The annual report is available at a publicly accessible website, http://icboc.gafcon.net/AR2007. Also available on the ICBOC website, http://icboc.gafcon.net, are minutes from previous ICBOC meetings, meeting agendas, bylaws, annual workplans, reports, memos, presentations and financial information related to Prop. G. The next ICBOC regular meeting is scheduled for 6 p.m. on Thursday, March 20, at Grossmont Hospital. The public is invited to attend.

 

At a recent meeting of the GHD board of directors, ICBOC chairman Ernest Ewin said, “The district has assembled an incredible group of experienced and qualified volunteers who have dedicated themselves to this worthwhile healthcare project that will be life altering and, hopefully, life sustaining for the citizens of our community. Our oversight work has been a steep learning curve, as well as a thrilling adventure, and we are looking forward to the future with excitement and anticipation.”

 

GHD board president Jim Stieringer said, “As a board, we are so very grateful for this group of amazing individuals with impeccable credentials. Our community is benefiting greatly from their service.”

 

The Grossmont Healthcare District is a public agency that supports health-related community programs and services in San Diego's East County region. Formed in 1952 to build and operate Grossmont Hospital, the District serves as landlord of the hospital, including ownership of the property and buildings on behalf of local taxpayers. In 1991, the District leased the hospital's operation to Sharp Healthcare under a 30-year lease that runs through the year 2021. The District is governed by a five-member board of directors, each elected to four-year terms, who represent nearly 500,000 people residing within the District's 750 square miles in San Diego's East County. For more information about GHD, visit www.grossmonthealthcare.org.