Courtesy of a deal between the Calexico Special Financing Authority and the United Taxpayers' of Imperial County, the Heffernan Memorial Hospital District will not receive $250,000 a year it had hoped would be available to open an urgent-care center in the vacant Calexico Hospital.
The authority, made up of members of the Calexico City Council and the hospital board, was put in place to purchase the more than $9 million in bonds paying off past debts of Calexico Hospital. Recently, the SFA approved efforts to refinance the bonds.
In the refinancing process, the hospital board was hoping to obtain $1.5 million to pay other hospital debts not covered by the bonds. That was supposed to free some $250,000 a year in sales tax money the district receives that is tied up by those other debts.
But that's not going to happen.
SFA treasurer Rudolfo Moreno, also a member of the taxpayers' group, brokered a deal with the authority to give the district the $1.5 million it seeks but apply the $250,000 to pay off the bond issue. It was a move that may have been necessary to avoid a lawsuit against the SFA by Moreno and the taxpayers' association.