Sevier County Hospital Board Update From Chairman Dr. Steve Cole

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We have completed / executed these contracts that all relate to construction: (Company name listed first)

1. Terracon (Phase One Environmental Study) ($2300), SOILS Engineering and Soil Borings ($14,000)) This company will be on site next week to begin prep work and prepare for groundbreaking.

2. Bond Consulting (Civil Engineering) ($113,000) This company will also begin work immediately.

3. BXS ($6,519) D and O Insurance

4. GE (Capital Medical Equipment) (2.3 Million in the form of a long-term lease agreement)

5. We have had one conference with Network Solutions to develop a scope of work for IT. We have also reached out to Edafio of North Little Rock for IT services.

6. As of 4-16-2020 the County officially owns the land on which the hospital will be built.

7. We are keeping up with the bond market and right now, it would not be prudent to sell bonds at this time. We are still very much in a state of flux with our finances due to COVID-19. We will continue to monitor the economy and rely on bond counsel for the proper time to sell bonds.

8. We are currently preparing to erect a sign to put on our property that shows the hospital and expected completion date. We hope to secure a local vendor to complete this work.

In all, even though COVID-19 is making work difficult, the board continues to move forward where we can. We appreciate each and every person in this community for their support and because of the current health care crisis, we all have an even greater appreciation of the need for our own hospital close to home.

Dr. Steve Cole

Chancellor

UA Cossatot