Prince George's County Council - Reference No. CR-008-2021

• Reference No.: CR-008-2021
• Draft No.: 2
• Type: Resolution
• Status: Adopted
• Meeting Body: County Council
• Meeting Date: 3/16/2021
• Introduced Date: 2/2/2021
• Public Hearing Date: 3/9/2021 @ 11:30 AM
• Effective date: 3/16/2021
• Title: A RESOLUTION CONCERNING CONTRACT APPROVALS for the purpose of approving a multi-year financing agreement to fund a portion of the new inpatient and ambulatory behavioral health facility at Doctors’ Hospital, Inc. d/b/a Luminis Health Doctors Community Medical Center (“Doctors Hospital”) to be located in Lanham, Maryland (the “Community Behavioral Health Center”), to provide behavioral health services to the residents of Prince George’s County (the “County”).
• Proposers/Sponsors: County Executive, Calvin S. Hawkins, Deni L. Taveras, Rodney C. Streeter, Mel Franklin, Monique Anderson-Walker, Sydney J. Harrison, Derrick Leon Davis, Thomas E. Dernoga, Jolene Ivey, Dannielle M. Glaros
• Contact: Ronald Halper, Debt Manager, Office of Finance

Date	Ver.	Action By	Action	Result
3/16/2021	1	County Council	amended (1)	Pass
3/16/2021	1	County Council	amended (2)	Fail
3/16/2021	1	County Council	called for the previous question	Pass
3/16/2021	1	County Council	adopted	Pass
3/16/2021	1	County Council	amended (1)
3/9/2021	1	County Council	public hearing held
2/18/2021	1	Sitting as the Committee of the Whole	Favorably recommended	Pass
2/2/2021	1	County Council	introduced and referred

Title

A RESOLUTION CONCERNING CONTRACT APPROVALS for the purpose of approving a multi-year financing agreement to fund a portion of the new inpatient and ambulatory behavioral health facility at Doctors’ Hospital, Inc. d/b/a Luminis Health Doctors Community Medical Center (“Doctors Hospital”) to be located in Lanham, Maryland (the “Community Behavioral Health Center”), to provide behavioral health services to the residents of Prince George’s County (the “County”).

Background

This 20-year financing will provide up to $20 million plus costs of issuance and underwriting to substantially renovate the building located at 8118 Good Luck Road, Lanham, Maryland 20706 thereby converting it into an equipped 16-bed inpatient and ambulatory behavioral health services facility.  All operations and maintenance costs will be the responsibility of Doctors’ Hospital, Inc., owner of the facility.

Fiscal impact is negative.  The County is responsible for COP debt service via annual appropriation.