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HomeMy WebLinkAboutResolution No. 12-7323RESOLUTION NO. 12 -7323 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING A REIMBURSEMENT AGREEMENT BY AND BETWEEN CITY OF DOWNEY AND DOWNEY REGIONAL MEDICAL CENTER HOSPITAL, INC. TO ALLOW FOR THE REIMBURSEMENT OF COSTS AND FEES INCURRED BY THE CITY OF DOWNEY IN THE NEGOTIATION AND ADMINISTRATION OF A DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, AND SECURITY AGREEMENT THAT FACILITATES THE FINANCING OF THE OPERATION OF THE DOWNEY REGIONAL MEDICAL CENTER WHEREAS, the City of Downey is a municipal corporation and a charter city organized and existing under the Constitution of the State of California ( "City "); and WHEREAS, City is the owner of the real property located at 11500 Brookshire Avenue, Downey, California (the "Premises "); and WHEREAS, City entered into a Lease of the Premises between City of Downey and Downey Community Hospital Foundation, dated as of February 8, 1983, as extended for a further 44 years by letter dated October 25, 1988, and as amended by an Amendment of Lease, dated August 11, 2009 (collectively, the "Lease "); and WHEREAS, Downey Regional Medical Center Hospital, Inc. ( "DRMC ") is the successor in interest to Downey Community Hospital Foundation under the Lease; and WHEREAS, certain lenders (collectively, the "Lenders ") have entered into or are entering into certain financing transactions with DRMC, and, to facilitate such financing, DRMC has requested that City enter into a Deed of Trust, Assignment of Leases and Rents, and Security Agreement ( "Deed of Trust ") for the benefit of the Lenders; and WHEREAS, City has significant costs, and may incur significant future costs, including without limitation costs of in -house staff and attorney reviews, costs of outside counsel services, and costs of acquisition of title insurance) in connection with the evaluation, negotiation, and implementation of the Deed of Trust, the evaluation of the bankruptcy proceedings and filings of DRMC, and other associated financing transactions ( "Costs "); and WHEREAS City and DRMC agree that City should not be required to bear the Costs, and that past and future Costs should be reimbursed by DRMC to City in the manner provided by the Reimbursement Agreement attached hereto as Attachment 1. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS FOLLOWS: SECTION 1. The City Council finds and determines that the activities contemplated in the Reimbursement Agreement have no likelihood of causing any environmental impact because they will result in no physical change in the environment, and are therefore not subject to and are exempt from analysis under the California Environmental Quality Act. SECTION 2. The City Council DOES HEREBY APPROVE the Reimbursement Agreement substantially in the form attached as Attachment 1. RESOLUTION NO. 12 -7323 PAGE TWO ATTEST: SECTION 3. The City Clerk shall certify the adoption of this Resolution. PASSED, APPROVED, AND ADOPTED this 1� day of February, 2012. A RO C. BROSS■ER, Mayor ADRIA M. JIMEF&IEZ,'CMC City Clerk I HEREBY CERTIFY that the foregoing is a true copy of a Resolution adopted by the City Council of the City of Downey at a regular meeting thereof held on the 14th day of February, 2012, by the following vote, to wit: AYES: COUNCILMEMBERS: Guerra, Marquez, Vasquez, Gafin, Mayor Brossmer NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None ABSTAIN: COUNCILMEMBERS: None ADRIA M. J1MENI7, CMC City Clerk — REIMBURSEMENT AGREEMENT TH REIMBURSEMENT AGREEMENT ( "Agreement ") is made and entered into as of February I , 2012 by and among CITY OF DOWNEY, a municipal corporation ( "Landlord "), DOWNEY REGIONAL MEDICAL CENTER HOSPITAL, INC. (d/b /a Downey Regional Medical Center), a non - profit public benefit corporation organized under the laws of the State of California (together with any successors and assigns, "Company "). A. Landlord is the owner of the real property located at 11500 Brookshire Avenue, Downey, California, and as more fully described in Appendix A attached hereto (the "Premises "). B. Landlord has entered into that certain Lease between City of Downey and Downey Community Hospital Foundation, dated as of February 8, 1983, as extended for a further 44 years by letter dated October 25, 1988, and as amended by an Amendment of Lease, dated August 11, 2009, with respect to which a Memorandum of Ground Lease has been recorded with the Los Angeles County Recorder's Office (as the same has been amended, assigned, modified, substituted or extended, the "Lease "). Company is the successor in interest to Downey Community Hospital Foundation under the Lease and the tenant thereunder. C. Certain lenders (collectively, the "Lenders ") have entered into or are entering into certain financing transactions with Company, and, to facilitate such financing, Company has requested that Landlord enter into a Deed of Trust, Assignment of Leases and Rents, and Security Agreement (collectively, the "Landlord Deed of Trust "). D. Landlord has incurred significant costs, and may incur significant future costs, including without limitation costs of in -house staff and attorney reviews, costs of outside counsel services, and costs of acquisition of title insurance) in connection with and/or relating to the evaluation, negotiation, and implementation of the Landlord Deed of Trust, the evaluation of the bankruptcy proceedings and filings of Company, and the financing transactions generally described in Recital C ( "Costs "). E. Landlord and Company (collectively, the "Parties ") agree that Landlord should not be required to bear the Costs, and that past and future Costs should be reimbursed by Company to Landlord. NOW, THEREFORE, in consideration of Landlord's facilitation of the financing transactions generally described in Recital C, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: 1. Prior to Landlord's execution of the Landlord Deed of Trust, Company shall reimburse to Landlord, in good and sufficient funds, all Costs incurred by Landlord, in an amount not to exceed forty thousand dollars ($40,000). 2. Following Landlord's execution of the Landlord Deed of Trust, Company shall reimburse to Landlord any additional Costs incurred by Landlord ( "Future Costs ") within thirty (30) days of receipt of an invoice therefor. Invoices shall be presumed received by Company three (3) days after mailing by Landlord. CHICAGO / #2280652.3 3. Prior to execution of the Landlord Deed of Trust, Company shall deposit fifteen thousand dollars ($15,000) into a trust account to be maintained by Landlord, from which Landlord may deduct Future Costs if they are not timely paid by Company in accordance with Paragraph 2. 4. Company shall fully indemnify, defend and hold Landlord and Landlord's agents, employees, consultants and contractors, harmless from and against any claim, action, cause of action, demand, liability, obligation, loss, cost, damage or expense (including actual attorneys' fees and costs) which may arise or which Landlord or Landlord's agents, employees, consultants and contractors, may sustain or incur by reason of or in connection with any representation or warranty of Landlord appearing in the Landlord Deed of Trust, provided however that Company shall have no responsibility, indemnity obligation or liability for any act or representation of Landlord or Landlord's agents, employees, consultants and contractors, that constitutes a breach of the Lease. 5. All notices and invoices hereunder shall be in writing, sent by certified mail, return receipt requested, to the respective parties and the following addresses: If to Company at: If to Landlord at: 31134865v2 Downey Regional Medical Center 11500 Brookshire Avenue Downey, CA 90241 Facsimile: (562)904 -5309 Attention: Rob Fuller Executive Vice President and Chief Operating Officer City of Downey 11111 Brookshire Avenue Downey, CA 90241 Attn: Attn: City Manager Tel: (562) 904 -7284 Facsimile: (562) 904 -6388 6. Miscellaneous. This Agreement may be executed in any number of several counterparts, shall be governed and controlled by, and interpreted under, the laws of the State of California, without regard to internal laws of conflicts. (Signature pages follow.) 2 IN WITNESS WHEREOF, intending caused this Reimbursement Agreement to be mentioned. COMPANY: LANDLORD: CHICAGO/ #2280652.3 Signature Page to Reimbursement Agreement to be legally bound, each of the parties have duly executed the day and year first above DOWNEY REGIONAL MEDICAL CENTER HOSPITAL, INC. (d/b /a Downey Regional Medical Center) B T 1 Name: w6' P ,E . EGG Lc e72___ Title: ,/y° t9 CITY OF DOWNEY, a municipal c• .o. ion By: Name: Title: r CHICAGO / #2280652.3 APPENDIX A COPY OF LEASE OF PREMISES See attached. A -1 y _ • 4 _ `r. • •r • • • LEASE BETWEEN CITY OF DOWNEY AND DOWNEY COMMUNITY HOSPITAL FOUNDATION EXHIBIT 2 t: J 1 • TABLE OF CONTENTS Paragraph P age 1. Demised Premises 3 2. Term 4 3. Rent 5 A. Basic Rental 5 B. Replacement and Repair Fund 5 C. Rent Subsequent to Termination of Agreement. 6 4. Indemnification 7 5. Public Purpose 8 A. Maintenance of JCAH Accredited Hospital 8 B. Limit on Rates 9 C. - Daily Hospital Service Charge 9 D. Salaries 11 E. Bit 12 F. Reporting After Defeaeance 14 6. Obligations of Lessee 15 7. Improvements 16 8. Liens' 19 9. Taxes 20 10. Utilities 21 11. Insurance 21 12. Co..,c..kumv ci on 22 13. New-C..-ce. Structures 23 14. Assignment, Sublet and Encumbrances 23 15. Compliance with Law 24 F Paragraph Page 16. Nonprofit Status 25 17. Board Membership and Inspection Rights 25 18. Surrender -of Premises 27 19. Holdover 27 - 20. Easements and Mineral Rights 28 21. Default 29 22. Defeasance 30 23. Notice 30 24. Prior Lease 31 25. Other Agreements 31 26. Waiver 31 27. Applicable Law 31 28. Successors and Assigns 31 29. Severability 31 30. Entire Agreement 32 31. Consent of Lessor 32 32. Reimbursement 32 LEA S E THIS LEASE entered into this 8th day of February 1983, between the CITY "OF DOWNEY, a municipal corporation, (hereafter referred to as "Lessor" or "City ") and DOWNEY COMMUNITY HOSPITAL FOUNDATION, (hereinafter referred to as "Lessee" or "Hospital ") is made with reference to the following facts. A. Lessee is a nonprofit corporation, no part of the net earnings of which can, under its articles of incor- poration, inure to the benefit of any private individual. Lessee has for many years maintained and operated a hospital in Downey for the treatment of the sick and injured, without regard to race, creed or color. Any earnings in excess of its necessary expenses have been devoted to the acquisition of additional hospital facilities to improve the quality of hospital care provided to the public, and no private person has ever received, directly or indirectly, any part of the earnings of the hospital. B. The people of Downey at an election held on October 29, 1963, expressed their desire to have a municipal hospital. C. On March 9, 1964, the City Council of Downey adopted a Resolution No. 1340 declaring its support of a City of Downey hospital. D. Lessor and the County of Los Angeles by Agreement dated May 23, 1967 entered into a Joint Powers Agreement for the creation of a City of Downey Community Hospital Authority for the construction and maintaining of a general hospital -1- within the City of Downey. By Agreement dated August 3, 1967 (hereinafter called the "Ground Lease ") the Lessor leased that certain parcel of real property described in Exhibit A attached hereto and made a part hereof (hereinafter referred to as the "Property ") to the City of Downey Community Hospital Authority (hereinafter called the "Authority ") and by an Agreement dated August 3, 1967 (hereinafter called the "August 3, 1967 Lease ") the Authority agreed to construct a hospital building upon said site and lease it back to the Lessor under the terms and condi- tions contained in said lease. E. Lessee has transferred to Lessor all of the Lessee's right, title and interest in and to the Stewart and Gray property owned by the Lessee, and transferred to Lessor the Fifth Street property owned by Lessee which properties are located in the City of Downey as described in the October 16, 1968 Lease. F. By agreement dated October 16, 1968 (hereinafter called the "October 16, 1968 Lease "), Lessor leased to the Hospital the general hospital and Property for a term of 35 years. G. On November 24, 1981 the City Council of the City adopted Resolution No. 4046. Resolution No. 4046 purported to grant, convey and transfer to the Hospital all of the City's reversionary interests in the Property and general hospital and approved an amendment to the October 16, 1968 Lease entitled "Addendum to Lease and Grant of Reversionary Interests ". • • H. On May 11, 1982, the City Council of the Lessor adopted Resolution No. 4100 for the purpose of rescinding the purported grant of its reversionary interests to the Hospital and other agreements contained in Resolution No. 4046. I. Lessor and the Hospital desire to insure that high - quality medical care will continue to be available to the citizens of the City for a period of time longer than that pro- vided for in the October 16, 1968 Lease. The Lessor and the Hospital now agree that they should enter into a new long -term lease for an initial term of 55 years with an option for an additional 44 years, and on other terms and conditions that recognize the rapidly changing health care environment. J. It is the intention of the Lessor and the Hospi- tal that the Hospital shall have the right to quiet enjoyment of the Property, general hospital and any other real and personal property located on the Property, and use thereof in accordance with the terms of the long -term lease. NOW, THEREFORE, in consideration of the respective covenants of the parties, and subject to the terms and condi- tions of the above- referred to ground lease from the Lessor to the Authority and the leaseback from the Authority to the Lessor: 1. Demised Premises. A. Lessor does hereby lease to Lessee: (i) the Property_ described in Exhibit "A "; (ii) the one - hundred fifty - one bed general hospital (more fully described in Exhibit "B ", attached hereto and made a part hereof and hereinafter referred to as the "Hospital Facility "); (iii) Group 2 and Group 3 equip- ment as defined by the California State Department of Public Health to the extent such equipment was purchased or leased for, and was originally located within the Hospital Facility, and all other equipment purchased or leased by the City. and located on the Property (hereinafter collectively referred to as the "Equipment "); and (iv) all other buildings, improvements and fixtures owned or held by Lessor and now located on the Property, except for buildings, improvements and fixtures added or constructed by Lessee subsequent to the date of the original certificate of occupancy for the Hospital Facility. B. Lessor hereby grants, conveys and transfers to Lessee all of Lessor's right, title and interest in and to all builds, improvements, additions, fixtures, personal property and equipment purchased or leased, other than a lease from Lessor, by Lessee and constructed or added to the Property, Hospital Facility or other health care facility located on the Property, subsequent to the date of issuance of the original certificate of occupancy for the Hospital Facility. It is understood and agreed that Lessee shall retain title to, and from time to time may remove or replace, any personal property and equipment as provided in Paragraph 7 of this Lease. Said PJ.w Ly, Health Facility, Equipment, and other buildings, i,►y 1 - Ls and fixtures, excluding those items described above to.which Lessee holds title or leases, shall hereinafter be collectively referred to as the "Demised Premises." 2. Term. A. The initial term of this lease is for a period , . • of fifty -five (55) years from the date hereof. Lessee may extend the term of this Lease for an additional term of forty -four (44) years on the same terms and conditions as herein provided by giving written notice to Lessor of Lessee's exercise of such option by delivering such notice to Lessor at any time prior to the expiration of the original term hereof. B. Unless otherwise provided, whenever the phrase "term of this lease" is used, it shall mean the initial 55 year term plus the 44 year optional term. 3. Rent. A. Basic Rental. Lessee shall pay as rental a sum of money sufficient to reimburse the Lessor for all Base Rental and Additional Rental required to be paid by Lessor under the provisions of Section 4 of said leaseback from the Authority to Lessor, rental payments shall be semi - annual and shall be paid to Lessor sufficiently in advance of Lessor's obligation to the Authority so that Lessor may make timely payment to the Authority. The terms "Base Rental" and "Additional Rental" shall have the meaning provided in Section 4 of the August 3, 1967 Lease. B. Replacement and Repair Fund. In addition thereto there shall be created by Lessee a special separate fund for major replacement and repairs including replacement and repairs of major_ equipment whether owned by Lessor or Lessee. Said fund shall be created by the deposit therein of $50,000.00 concurrently with the execution of this Lease and at the end of any year thereafter that said major replacement and repair fund • • has less than $50,000.00 in it Lessee shall deposit in said fund the difference between the amount in said fund and $50,000.00 but in no event shall Lessee be required to deposit more than $10,000.00 in said fund for any one year. The major replacement and repair fund shall be kept in a separate bank account subject to withdrawal for the purpose of major replace- ments or repairs upon approval by Lessor. In the event of a termination of this lease by default of Lessee said funds shall become the property of Lessor. C. Rent Subsequent to Termination of Agreement. On the termination of the Agreement between Lessor and the Authority and the termination of Lessor's liability to make payments of whatsoever character under said Agreement Les - see shall annually to Lessor One Dollar ($1.00) plus a sum of money suf- ficient to reimburse the Lessor each year for all monies required to be paid by Lessor for all taxes; assessments of any nature whatsoever, including but not limited to, excise taxes, ad valorem taxes, ad valorem and specific lien and special assess- ment and gross receipts taxes if any levied upon the subject matter of this lease; expenses reasonably incidental to admin- istering this lease; insurance which is reasonable and proper; and all costs and expenses the Lessor may incur in consequence of any ci$ult by the Lessee under this lease, including reason- able aLLw.4..,Am4To fees and costs of suit or action at law to enforce the terms and conditions of this lease. It is the intent of this paragraph that there shall be no net cost to Lessor for the operation and maintenance of this facility during the term of this lease. -6- • 4. Indemnification. A. If this lease should be held invalid, for any reason, by a final court decision, Lessee may remove its personal property. Fixtures, as defined in Civil Code Section 660, even though purchased and installed by Lessee, shall remain as part of Lessor's property. If this lease be held invalid for any reason, by a final court decision, there exists the possibility that an illegal expenditure of public funds would have occurred. For the separate, independent consideration of the execution and delivery of this document by Lessor to Lessee, Lessee agrees to indemnify and keep and save Lessor, its officers, agents and employees, individually and collectively, free and harmless from any and -all liability, claims or demands which may be asserted against them by reason of any alleged improper or illegal expenditure of public funds, in any manner arising out of this lease. B. The Lessee shall at all times keep and save Lessor, its officers, agents and employees, free and harmless from any and all claims or demands including reasonable costs of defense which may arise by reason of any negligence of the Lessee, and any of its agents, servants or employees, in the conduct and maintenance of its business or in the condition of or mainte- nance of the Demised Premises together with all buildings, structures and improvements located on the Property. In partial performance of such obligation, the Lessee, throughout the term of this Lease, shall keep in force and effect with a company or companies authorized to transact such business in the state or other insurance companies providing such coverage which are accept- able to both Lessor and Lessee a policy or policies of public liability insurance, property damage insurance and malpractice insurance, naming Lessor 'Si an additional insured and covering damage to property of others in any accident, in the minimum amount of $10,000.00, and death of or injury to one or more persons in any accident or incident in the minimum amount.of $1,000,000.00. 5. Public Purpose. It is recognized that Lessee is fully as concerned as Lessor that its operation should at all times subserve a proper public purpose. In order to assure that the use of the facilities furnished by Lessor hereunder shall at all times be for a proper public purpose, the Lessee hereby agrees to the following conditions: A. Maintenance of JCAH Accredited Hospital. Lessee shall maintain a hospital on and within the leased property and facilities which shall, as a minimum, be operated in accordance with the standards set forth in the Accreditation Manual for Hospitals as are now and hereafter shall be adopted and applied by the Joint Commission on Accreditation of Hospitals, or its duly constituted successor. The continued accreditation of said hospital by the Joint Commission on Accreditation of Hospi- tals shall be prima facie evidence of the fulfillment by the Lessee of this condition. If the Lessee loses accreditation for said hospital, the City Council may, by majority vote, either: (i) Waive the requirements of this paragraph to permit specific exemptions to the standards set forth in the Accreditation Manual for Hospitals referred to herein; or (ii) Terminate this Lease; provided, however, that Lessor may not terminate this Lease unless a breach of this Paragraph SA continues beyond the longer of (1) the period provided in Paragraph 21 of this Lease; (2) the period specified by the JCAH to correct any deficiencies contributing to the loss of accreditation (provided Lessor is furnished evidence by Lessee that Lessee is proceeding in good faith to correct defi- ciencies); or (3) the period required to exercise all of Lessee's administrative and judicial appeal rights relating to loss of JCAH accreditation. B. Limit on Rates. Lessee shall charge fair and reasonable rates at all times for all services rendered in such hospital. The level of rates shall be such that the annual income in excess of expenses shall not exceed the requirements for exemption specified in Section 214 of the Revenue and Taxa- tion Code of the State of California. If the Lessee loses this exemption the City Council may, by majority vote, either: 1. Waive the requirements of this paragraph; or 2. Terminate this Agreement subject to the provisions of paragraph 21 of this Agreement. C. Daily Hospital Service Charge. _ (i) The daily hospital service charge to be charged by Lessee for the performing of, or providing of, any services at, through or from said hospital shall be only such daily service charge as has been approved by the City Council; provided, however, that once such daily service charge as has been approved by the City Council, such charge may be reduced by Lessee without prior written approval of Lessor but shall be subject to the approval of Lessor. In determining the daily service charge to be established, Lessee or Lessor both shall be guided by, without being bound by, the average of such charges for like specific services at the St. Francis Hospital of Lynwood, Presbyterian Intercommunity Hospital, California Hospital, The Hospital of the Good Samaritan, and Cedars -Sinai Hospital. The daily service charge approved by the City Council of Lessor may be higher or lower than the daily service charge of said listed hospitals. (ii) In determining the charge for the specific ancil- lary services Lessee and Lessor both shall be guided by, without being bound by, the "Guiding Principles for Hospitals" of the Hospital Council of Southern California. (iii) The Lessor acting through its City Council shall have the right to review any and all rates charged by the Lessee to determine whether or not this criterion is being met. The Lessee on or before July 1 of each year shall file with the City Council a comparison of the rates charged by Lessee with those charged by the above listed hospitals and at all other times shall notify the City Council in writing of any proposed rate changes approved by the Board of Directors of Lessee. At no times shall the Lessee be required to charge rates less than similar charges of the above named hospitals. (iv) The City Council shall have no discretion to withhold approval of new charges proposed by the Hospital if • • the proposed charges are equal to or less than the average of similar charges of the benchmark hospitals referred to in this Paragraph 5C. The Chief Executive Officer of the Hospital shall submit a certificate setting forth the charges of the benchmark hospitals in order that the City Council may make this determination. (v) If the Hospital wishes to establish a charge which is higher than the average charge at the benchmark hospi- tals, Lessor's City Council shall have the right to request any information or documents which it believes necessary or desir- able in order to evaluate the proposed increase. (vi) If the Chief Executive Officer of the Hospi- tal- submits -a certificate to Lessor's City Council which states that the Hospital is unable to obtain current information from the benchmark hospitals referred to in this Paragraph 5 concern- ing charges, the Hospital agrees that it will not impose rates or charges which would result in net revenues to the Hospital which exceed the levels permitted by Section 214 of the Califor- nia Revenue and Taxation Code or the comparable provisions of any successor statute. D. Salaries. (i) On or before the commencement of the term of the lease, Lessee shall file with the City Council of Lessor the salary range for the classes of employees set forth in Exhibit "C" attached hereto and by this reference made a part hereof. Such salary ranges shall be subject to the approval of the City Council of Lessor. Any time after the filing of such salary r • • ranges with the City Council of Lessor, the same shall not be increased by Lessee without approval of Lessor. Notice of any proposed increase shall be given in writing to Lessor. In the event Lessor does not disapprove such proposed increase within thirty days after receiving notice thereof, such increase shall be deemed approved. In the event any salary range as first filed or as proposed to be increased is disapproved by Lessor, such salary range shall be established at a level approved by the Lessor. Salary ranges established shall reflect the recom- mendations of the Hospital Council of Southern California. (ii) Lessor's City Council shall have no discretion to disapprove salary ranges which do not exceed by more than ten percent (10 %) those guidelines published by the Hospital Council of Southern California. The Chief Executive Officer of the Hospital shall submit a certificate setting forth the guide- lines published by the Hospital Council in order that Lessor's City Council may make the determination as to the relationship between a proposed increase in salary range and the ranges proposed by the Hospital Council. If the Hospital requests an increase in a salary range which exceeds by more than 10% those guidelines published by the Hospital Council, the City Council shall have the right to request any information or documents it deems necessary or desirable in order to evaluate the proposed salary range increase. E. Budget. (i) Lessee shall establish a fiscal year commencing on July 1. On or before June 1 of each year, Lessee shall • • submit to the City Council of Lessor Lessee's proposed budget for the ensuing fiscal year in a form consistent with Exhibit D attached hereto and incorporated herein. This proposed budget shall clearly demonstrateLessee's financial soundness and ability to make lease payments. (ii) Lessee shall be deemed to have demonstrated its fiscal soundness and ability to make lease payments, and Lessor's City Council shall have no discretion to propose recommended changes or disapprove the proposed budget, if: (1) Cash flow Available for Lease Payments (defined below) as reflected on the proposed budget equals or exceeds one hundred fifty percent (150 %) of the lease payment for that year-; and_ (2) Cash flow Available for Lease Payments during the most recent complete fiscal year of the Hospital equaled or exceeded one hundred fifty percent (150%) of the lease payment made in that year. (iii) For purposes of this paragraph 5E, the phrase "Cash Flow" shall mean for any period the revenues of the Hospi- tal derived from the operation of its hospital facilities for such period, less all expense items properly chargeable against that revenue except depreciation which the Hospital is required to take on the leased hospital facilities for financial reporting other non -cash items. For purposes of this Para- graph 5E the phrase, "Cash Flow Available for Lease Payments" for any period shall mean the cash flow of the Hospital for that period, plus payments made to Lessor in accordance with the Lease during that period. The ratio of 150 percent (150%) is predicated upon the formula used for bond indenture solvency by Connecticut General Life Insurance Company. (iv) The Hospital's Chief Executive Officer shall certify that the lease payments and Cash Flow Available for Lease Payments as set forth in the proposed budget are correct. If the two tests set forth above are not met, Lessor's City Council shall be entitled to make reasonable inquiries concern- ing the Hospital's budget and the Hospital shall respond to such inquiries and under the provisions of the lease shall be obligated to revise its budget to establish its financial sound- ness. F. Reporting After Defeasance. Upon defeasance of the bonds issued pursuant to the Joint Powers Authority Agreement between Lessor and the Authority, the daily hospital service charge, salary and budgetary reporting requirements of Lessee as set forth in these paragraphs SC, D and E respectively shall be modified to thereafter only require the furnishing of (a) annual financial statements prepared by an independent Certified Public Accountant; and (b) whenever the hospital changes its daily service charge'or salaries, a written determination prepared by an independent certified public accountant acceptable to Lessor, as to whether the hospital daily service charge and salaries are within the guidelines set forth in paragraphs 5C and D. After defeasance, the Hospital shall not be required to submit its budget to Lessor's City Council for approval; provided, that Hospital's budget may be • • included as part of Exhibit "E." If the written determination concludes that the daily Hospital service charge or salaries are within the guidelines set forth in Paragraphs SC and 5D, then Lessor's City Council shall have no discretion to withhold approval of such charges or salaries. Said written determina- tion shall include supporting data which provides the basis for the certification. The form of the written determination shall be substantially consistent with Exhibit "E ". 6. Obligations of Lessee. It is agreed that, with- out any limitations upon the provisions of other paragraphs hereof, Lessee shall maintain and operate upon the leased prop- erty a hospital for the treatment of the sick and injured dur- ing the term of this lease, and in particular shall: A. Be responsible for the management of said hospital and shall bear any losses or operating deficits resulting from such management. B. Operate such hospital for the primary benefit of the residents of Downey in all reasonable respects, and shall give preference in admission to such residents in nonemergency cases provided, however, that this subparagraph shall not oper- ate to limit in any way Lessee's ability to admit to the Hospi- tal Facility or provide care to Medi -Cal or Medicare patients pursuant to any contractual or any other arrangement with the State of_California or the United States of America; provided, further, that this subparagraph shall not operate to limit in any way Lessee's ability to admit or provide care to Medi -Cal -15- WILMS E. Provide without cost to the Lessor all furnish- or Medicare patients in order to obtain any local, California or federal approval or to comply with any local, California or federal law or regulation. C. Operate such hospital without regard to the race, creed or color of its patients; D. Provide facilities for an emergency service of reasonable scope for the residents of Downey and others present in the City; ings, equipment, supplies and services not otherwise furnished by the Lessor necessary to operate and maintain said hospital in accordance with the standards of the Joint Commission on A0. of Hospitals. 7. Improvements. A. Lessee shall have the exclusive use of all build- ings and improvements which are now or which may hereafter be placed upon the leased property for health care and other related purposes. Lessee may, at its own expense and risk, erect, maintain and operate upon the leased property additional build- ings, and improvements for health care and other related purposes including, but not limited to, a physicians office building, as long as doing so will not place Lessee in default under any agreement to which it is a party and as long as Lessee has obtainers all required local, California or federal approvals. Except as otherwise provided below, title to all buildings, improvements and fixtures purchased or leased by Lessee and constructed or added to the Property, Hospital Facility or • other health care facility located on the Property, subsequent to the date of the original certificate of occupancy for the Hospital Facility, shall at all times vest in Lessee and shall remain the sole property of Lessee and shall not become a part of the Property until the expiration or sooner termination of this Lease. B. Subject to the provisions of Paragraph 7C, all buildings, improvements and fixtures located upon the Property shall become the property of Lessor upon the expiration or sooner termination of this Lease and shall remain upon and be surrendered with the Demised Premises. Provided that in the event the Lessee shall be held liable to Lessor for and on account of the indemnification provided in Paragraph 4 hereof, Lessee shell be entitled to an offset and credit for the reason- able depreciated value of such additional buildings, improve and fixtures, excepting that no such offset or credit shall be allowed for indemnification of any individual or collective liability of Lessor's officers, agents and /or employees. C. Lessee shall retain title during the term of this lease to all personal property, fixtures and equipment purchased or leased by Lessee, other than a lease from Lessor, and added to, or placed upon, the Property, Hospital Facility or other facility located on the by the Lessee at any time s't to the date of the original certificate of occupancy for the Hospital Facility. Except as provided in Paragraph 7D Lessee shall have the right, at any time during the term of this Lease and for a reasonable period thereafter, to remove any and all of said personal property and equipment from the Property; provided, that all damage or injury done to the Demised Premises by Lessee as a result of such removal shall be repaired or paid for by Lessee; provided, further, that any such personal property or equipment not removed by Lessee as provided herein, shall become the sole property of the Lessor. D. Lessor may, at its option, purchase the equipment, accessories, and stock on hand at the expiration of the lease for its then fair market value. In the event Lessor exercises its option and the parties cannot agree upon a selling price, the question of price shall be determined by arbitration; Lessor and Lessee shall each appoint an arbiter who, in turn, shall appoint a third arbiter. Each of said arbiters shall be an appraiser duly qualified and experienced to appraise the property in question. The decision of a majority of such arbiters shall be binding upon the parties hereto. E. Lessee, at its own expense and risk, shall main- tain the leased properties and all buildings and improvements now or which may hereafter be placed thereon in good condition and repair and Lessor shall not be obligated to repair or main- tain any thereof. Any required major repairs or maintenance may be paid for out of the reserve fund provided for in Para- graph 3 subject to the provisions of numbered Paragraph 11. Lessor shall have the right at all reasonable times and without unreasonable interference with Lessee's use and occupancy of the premises to enter upon and inspect the same. • • 8. Liens. A. Except as otherwise provided in this Paragraph 8, Lessee shall keep the leased property and all buildings and improvements thereon free of all liens of mechanics, material- men and others and shall, at its own expense and risk, pay for all labor, services, supplies, equipment and materials of every kind for which it may become obligated in connection with the performance of its obligations hereunder. At least five days before commencing any work which, if not paid for, could subject any part of the leased property or any buildings or improvements thereto to a mechanic's, materialman's or other lien, Lessee shall notify Lessor in writing thereof with sufficient informa- tion to permit the timely filing of a notice of nonresponsibility and Lessor shall have the right at all times to post and keep posted such notices as it may desire to protect Lessor and the leased property against any such liens. B. If a lien is filed against the Demised Premises, within sixty (60) days after Lessee receives notice of the filing thereof or the assertion thereof against the Demised Premises, the Lessee shall either cause the same to be discharged of record, or proceed in good faith to prevent the enforcement or foreclosure thereof by contest, payment, deposit, bond, order of court or otherwise. Nothing in this subparagraph shall require the Lessee to satisfy or discharge any such lien so long as the validity thereof shall be contested in good faith and by appropriate legal proceedings. • • C. Notwithstanding any provision of this Paragraph 8 to the contrary, Lessor agrees that Lessee may create or permit the creation of a lien, charge, mortgage or other encum- brance on the Demised Premises, Lessee's interest in this Lease, or any part thereof, to the extent necessary to enable Lessee to borrow money or otherwise finance the purchase or lease of real and personal property at the most favorable rates and upon the most favorable terms available; provided, further, that Lessor expressly agrees that when requested by Lessee, Lessor shall cooperate with Lessee and take whatever steps are neces- sary to enable a lender to obtain a security interest in the City's interest in this Lease, the Demised Premises, or any part thereof, including, but not limited to, subordinating Lessor's right, title and interest in this Lease, the Demised Premises, or any part thereof, in order to enable Lessee to borrow money or enter into other financing arrangements at the most favorable rates and upon the most favorable terms available. Without limiting the foregoing, Lessor agrees to cooperate with Lessee in obtaining any subdivision or parcel maps and any other governmental approvals that may be necessary or desirable in connection with any improvements to be made to the Property by Lessee. 9. Taxes. Lessee shall pay before delinquency all taxes and asseoa.�.�.Ls that may, from time to time, be levied or assessed upon the leased property, the furnishings, or any possessory interest therein arising out of or based upon the leasehold interest. • • 10. Utilities. The Lessee shall pay for all elec- tricity, gas, water, telephone and other utility services used in connection with the leased premises, including the cost of all necessary connections`for all of said services. 11. Insurance. A. Except as otherwise provided in this Paragraph 11, Lessee shall with respect to the Demised Premises procure from insurance companies authorized to transact business in the State of California or other insurance companies providing such coverage, insurance coverage that is acceptable to both Lessor and Lessee and Lessee shall pay in advance the premium on poli- cies of insurance insuring all buildings and improvements now or hereafter located on the Demised Premises against loss from fire, explosion and the hazards covered by the customary aoo,.a;ed coverage endorsement". Such insurance shall have such policy limits as may from time to time be approved by the City Council, not exceeding the replacement value,of the insured property. Lessor shall be named as an additional insured upon all such insurance. If any portion of the Demised Premises is destroyed, Lessee and Lessor shall devote the entire proceeds of any such insurance collected by Lessee or Lessor to repair, reaction, or repla L, as the case may be, of the Demised Premises as may be agreed upon by Lessee or Lessor. _ B. Lessor and Lessee agree that, at Lessee's request, any and all provisions of this Paragraph 11 shall be modified or supplemented, to the extent necessary to enable Lessee to borrow money or enter into other financing arrangements at the • • most favorable rates and upon the most favorable terms available. 12. Condemnation. A. Except as otherwise provided in this Paragraph 12, in the event all or any portion of the Demised Premises or any buildings, improvements, additions, fixtures or personal property located on the Property, is taken under the exercise of the power of eminent domain, any award made or any compensation paid by reason of or as a result of such taking shall be paid to Lessor and Lessee in proportion to their respective interests in the Demised Premises including all buildings, improvements, additions, fixtures or personal property located on the Property; provided, however, that Lessee shall receive any award for the tabooing of any real or personal property to which it has title, or any part of its interest in this Lease and option, interrup- tion of its business, its moving expenses and Joss of its good- will. In the event such taking is a taking of the entire Demised Premises and all buildings, improvements, additions, fixtures and personal property located on the Property, then this lease shall terminate upon the taking being effected. In the event such taking is only of a portion of the Demised Premises. and buildings, improvements, additions, fixtures and personal prop- erty located on the Property, then and in that event Lessee shall remain obligated under the terms of this lease the same as though said taking had not occurred unless such taking is of such character and such amount that the Demised Premises are rendered unusable for their intended purpose, in which case the Lease shall terminate upon the taking being effected. • • B. Lessor and Lessee agree that, at Lessee's request, any and all provisions of this Paragraph 12 shall be modified or supplemented to the extent necessary to enable Lessee to borrow money or enter into ` other financing arrangements at the most favorable rates and upon the most favorable terms available. 13. New Corporate Structures. Lessee shall have the right, among other things, to form new corporations and to transfer its assets and activities to said corporations so long as such transfers do not violate this Lease or Lessee's charit- able purposes as set forth in its articles of incorporation. 14. Assignment, Sublet and Encumbrances. A. Except as otherwise provided in Paragraph 8 and this Paragraph 14, Lessee shall not assign or sublet, voluntar- ily or involuntarily, the Demised Premises, or any part thereof, shall not permit any transfer of this lease or its rights here- under, in Whole or in part and shall not mortgage or in any manner encumber any of its interest therein, without first obtaining in writing the consent thereto of Lessor's City Council. Any such assignment, sublet or transfer, mortgage or encumbrance, or any attempt to make and execute the same, without such consent first obtained in writing shall be void. Lessor shall not unreasonably withhold such consent. Lessor shall cooperate with Lessee in providing necessary subordination agreements and other financing documents in order to allow Lessee to pursue such addition and expansion programs as Lessee considers necessary and appropriate. B. Notwithstanding any other provision of this Paragraph 14, Lessee shall have the right to assign or sublet the Demised Premises, or any part thereof, and to otherwise transfer its rights under` this Lease with respect to such prop- erty, without the consent of Lessor, if such assignment, sublet or transfer is to (i) an affiliate of the Lessee ( "affiliate" shall mean any person, partnership, corporation or other organization that controls, is controlled by or is under common control with the Lessee); (ii) any person, partnership, corporation or other organization if the assignment, sublet or transfer is made on an arms - length basis and is not a lease of the Hospital Facility; (iii) a member of the Lessee's medical staff; provided, that the lee is not of the Hospital Facility; or (iv) an employee of the Lessee; provided, that the lease is not of the Hospital Facility. Any assignment, sublet or other transfer made pursuant to this Paragraph 14 shall be made subject to the terms and conditions of this Lease. 15. Compliance with Law. A. No building, structure or improvement of any kind shall be erected, placed upon, operated or maintained on the leassd premises, nor smell any business or operation be conducted or carried on therein, or thereon, in violation of any ordinance, law, statute, by -law, order or rule of any gov- ernmental agency having jurisdiction thereover. B. Nothing in this Paragraph 15 shall require the Lessee to take any action so long as the time for such action has been extended by the appropriate governmental entity or so long as the necessity thereof shall be contested by the Lessee in good faith and by appropriate legal proceedings. 16. Nonprofit Status. Lessee warrants that it is now, and will remain during the entire term of this lease, a nonprofit corporation, in compliance with the Nonprofit Corpora- tion Laws of the State of California and the Internal Revenue Code of the United States of America. 17. Board Memberships and Inspection Rights. A. Except with the prior approval of the City Council, Lessee warrants that it has and will continue to have a board of directors, who may be designated as "trustees ", of not less than fifteen members, a majority of whom shall be legal residents of the City of Downey and the balance either having a place of business, work, or interest in the City or the citizens thereof. In addition to the regular members of the Board the Mayor, City Council and City Manager of Lessor shall serve as ex- officio members of the Board without right to vote. Members of Lessor City Council, the Mayor and the City Manager in their capacity as ex- officio members of the Hospital's Board of Directors do not have the full right of inspection provided to members of the Board of Directors in general, but rather one limited to the inspection necessary to determine the performance of the warranties as provided in this paragraph. In lieu of the City Board. making an inspection each year there will be delivered to the City by the Lessee the following documents: (i) A copy of Hospital's tax returns for the previous year (Federal and State): (ii) A copy of the Hospital's license issued by the State of California. (iii) A copy of a certificate of good standing as a corporation duly organized, subsisting and in good standing under the Nonprofit Corporations Law of the State of California from the California Secretary of State. (iv) A copy of the accreditation certificate issued by the Joint Commission on Accreditation of Hospitals. (v) Board of Directors' Profile showing the member- ship of the Board and that there is compliance with the provi- sions of this paragraph with respect to the composition of the (vi) A copy of the Report on Examination of Combined Financial Statements prepared by the Hospital's independent Certified Public Accountant reconciling the Combined Statement of Revenues and Expenses with column "a" on Exhibit "D ".. (vii) A statement signed by the Hospital's Chief Execu- tive Officer certifying the balance in the repair fund required by the Lease. (viii) A statement signed by the Hospital's Chief Execu- tive Officer to show that the liability insurance carried by the Hospital covers the City, its officers, agents and employees as required by the Lease. The statement shall verify that such insurance is in effect. -26- • • B. If following an examination of the above- designated documents, Lessor contends that Lessee is not in compliance with the warranties set forth in this paragraph 16 and 17, then it may make a demand upon`Lessee for an opportunity to inspect the books and records of Lessee to the extent necessary to determine whether the warranties are being performed. In the event of any controversy or claim arising out of or relating to the inspection rights set forth hereinabove, such controversy or claim shall be settled before a panel of arbitrators by arbitration in accordance with the American Arbitration Associa- tions' rules. C. Notwithstanding the foregoing, as Ex- Officio members of the Board of Directors of Lessee, City Council mem- bers and the City Manager shall receive from Lessee notices of reguar meetings of the Hospital Board of Directors. 18. Surrender of Premises. At the expiration of the term of this lease or upon the sooner termination thereof, Lessee shall peaceably surrender said premises including all buildings, improvements and fixtures located on the property, in a good and substantial state of repair, reasonable wear and tear and damage by fire, flood, explosion, and the elements 19. Hold Over. In the event the Lessee holds over the leased premiss, or any part thereof, after the expiration of the term of this lease, with the consent, express or implied, of Lessor, such holding shall be construed to be a tenancy from month to month only. In the event the Lessee holds over, all i • of the terms and conditions of this Lease shall apply to such hold over period, including the provision for rent set forth at Paragraph 3 of this Lease. 20. Easements and Mineral Rights. It is understood and agreed by the parties hereto that the premises herein leased are taken by said Lessee subject to any and all existing ease- ments or other encumbrances and that Lessor shall have the right to install, lay, construct maintain, repair and operate such sanitary sewers, drains, storm water sewers, pipe lines, manholes, connections, water, oil or gas pipe lines, and tele- phone, telegraph and power lines, and such other appliances and appurtenances necessary or convenient to use in connection therewith, over, in, upon, through, across and along the herein - above described premises, or any part thereof, as will not interfere with Lessee's operations hereunder, and to enter thereupon for any and all such purposes; also the right to bore and maintain such water, oil or gas wells in said land, and place and operate on said premises any and all such machinery necessary or convenient therefor and to place, operate and maintain thereon all such pumping plants, reservoirs, tanks or other equipment necessary or convenient therefore, to construct and maintain thereon any and all such buildings necessary or convenient therefor, and for any and all purposes to go upon and across said premises with such materials, machinery; appli- ances and laborers as will not interfere with Lessee's opera- tions hereunder, and also the right to grant such franchises, easements, rights of way and permits in, over, upon, along, or • • across any and all portions of said premises as Lessor may elect so to do; provided, however, that no right of Lessor provided for in this paragraph shall be so exercised as to unduly interfere with Lessee's operations hereunder; provided, further, that the proceeds of any water, oil, gas or other minerals removed from the Demised Premises by Lessor shall be used by Lessor for the health care of the citizens of the City. 21. Default. A. Should Lessee default as to any of the covenants herein and Lessee neither remedies the default nor proceeds in good faith to do so within one- hundred eighty (180) days after receipt of written notice thereof to Lessee, (except any default in the payment of rental, shall be remedied within fifteen days) the Lessor may declare a forfeiture of this lease and pursue any remedy or action provided by law; provided, however, if a bona fide dispute should arise between Lessor and Lessee as to whether Lessee has in fact defaulted under this Lease, then Lessor agrees that such termination shall become effective unless Lessee shall remedy such default within thirty days after settlement of such dispute by agreement of the parties or by final judgment of any court of competent. jurisdiction unless Lessee has either remedied the default, if any, or proceeded in good faith to do so, within said thirty day period. B. If possession of any interest in the Demised Premises is taken by virtue of any attachment, execution or receivership, and Lessee has neither regained possession within ninety (90) days thereafter nor proceeded diligently and in good faith within the ninety day period to regain possession, it shall constitute a default by Lessee under the Lease and result in the immediate termination of the Lease. C. In the event any default by Lessee hereunder constitutes a default by Lessor under said lease between Lessor and the Authority the provisions of such lease as to default shall control. 22. Defeasance. Lessor will cooperate with Lessee in the defeasance of the bonds issued pursuant to the Joint Powers Authority Agreement between Lessor and the Authority. 23. Notice. Any notices to be given under this lease or otherwise may be served by enclosing the same in a sealed envelope addressed to the party to receive the same at the address hereinafter stated and deposited in the United States Post Office as regular mail, postage prepaid. When so given, such notice shall be effective from the time of the mailing of the same. For the purposes hereof, unless otherwise provided in writing by the parties hereto, the address of Lessor and the proper person to receive any such notices on its behalf is: City Council City of Downey 8425 Second Street Downey, California 90241 and the address of the Lessee is: Chief Executive Officer Downey Community Hospital Foundation 11500 Brookshire Avenue Downey, California 90241 • 1 24. Prior Lease. That certain lease by and between the parties hereto and dated October 16, 1968 hereby is term- inated. 25. Other Agreements. So long as the Ground Lease and the August 3, 1967 Lease, between the City and the Authority, remain in effect, no provision of this Lease shall apply to the extent that it is inconsistent with the terms of the Ground Lease or the August 3, 1967 Lease. 26. Waiver. The failure of either party to insist in any instance upon strict compliance with any provision con - tained in this Lease shall not be construed as a waiver or relinquishment of the right of such party to hereafter require coMpIismte with such provision or to require such compliance with any other provision of this Lease. 27. Applicable Law. This Lease shall be governed by the laws of the State of California. 28. Successors and Assigns. All the terms, provi- sions, and conditions of this Lease shall be binding upon and inure to the benefit of the parties and their respective succes- sors and assigns. 29. Severability. If any term or provision of this Lease shall, to any extent, be determined by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Lease 12. not be affected thereby, and each term and provision of this Lease shall be valid and enforceable to the fullest extent permitted by law. 30. Entire Agreement. This Lease contains the entire agreement between the parties to this Lease and supersedes any and all prior agreements, arrangements, or understandings between the parties relating to the use and occupancy of the Demised Premises. This Lease can only be modified with the written assent of each party. 31. Consent of Lessor. Notwithstanding any other pro- vision of this Lease, Lessor agrees that it shall not unreason- ably withhold its consent or approval with respect to any matter for which such consent or approval is required by this Lease. 32. Reimbursement. Lessor and Lessee acknowledge that it is in the best interests of the citizens of the City that. Lessee receive maximum allowable reimbursement from Medi- care, Medi -Cal and any future governmental programs. Accord- ingly, Lessor and Lessee hereby agree to make future modifica- tions to this Lease to the extent necessary to maximize reim- • . bursement to Lessee; provided, that any such modifications shall be made without cost to the Lessor. IN WITNESS WHEREOF, the parties hereto have caused these presents to be duly executed with all the formalities required by law on the respective dates set forth opposite their signatures. agbruary 8. 1983 (Date) CITY OF DOWNEY a municipal corporation DOWNEY COMMUNITY HOSPITAL FOUNDATION 7 Mao. Lessor Presi Lessee By 41 - A.00 Secrets Lessee That portion of the Rancho Santa Gertrudes in the City of Downey, County of Los Angeles, State of California, described as follows: Beginning at the intersection of the centerline of Brookshire Avenue 80 feet wide, formerly Church Street 40 feet wide as shown on Map of Tract 9457 recorded in Book 171, Page 7 of Maps in the office of the County Recorder of said County, with the centerline of Manatee Street 60 feet wide, formerly South Street as shown on Map of Tract 14296 per Map recorded in Book 304, Pages 29 -31 of Maps in the office of the County Recorder of said County; thence North 32 East along said centerline of Brookshire Avenue, 30.07 feet to the northwesterly prolongation of the northeasterly line of said Manatee Street; thence South 61 ° 19'40" East thereon and along said northeasterly line 56.19 feet to a point of cusp with a curve concave easterly and having a radius of 15 feet and the true point of beginning for this description; thence northerly along said curve 24.62 feet to a point of tangency with the southeasterly line of Brookshire Avenue 80 feet wide lying 40 feet on each side of the above described centerline; thence North 32 ° 41'45" East along said southeasterly line 718.37 feet to the southwesterly line of land described in Deed to S. Huston recorded in Book 152, Page 404 of Deeds in said Recorders Office; thence South 57 °20'25Y East thereon 420.39 feet to EXHIBIT "A" the northwesterly line • . of the southeasterly 243.41 feet of land so described in said Deed to Huston; thence North 31 ° 42'45" East thereon 177.28 feet to the southerly corner of Margaret Street as described in Deed recorded in Book D2353, Page 721 in said Recorders Office; thence South 57 ° 15'20" East along the prolongation of the south- westerly line of said Margaret Street 213.44 feet to the north- westerly line of Patton Road 60 feet wide lying 30 feet on each side of the northwesterly line of Lot "P" of the Rancho Santa Gertrudes per Map recorded in Book 32, Page 18 of Miscellaneous Records in said Recorders Office; thence South 31 ° 42'45" West thereon 852.28 feet to the beginning of a tangent curve concave northerly and having a radius of 15.00 feet; thence westerly thereon 22.77 feet to a point of tangency with said northeasterly line of Manatee Street; thence North 61 ° 19'40" West thereon 616 feet to the point of beginning. The Basis of Bearings for this description taken as the centerline of Brookshire Avenue as shown on County Surveyors Map Number B2383 on file in the office of the County Surveyor of said County. EXHIBIT "A" Page 2 • • A Class "A" hospital building consisting of a 75,732 square foot nursing tower and basement with a 47,861 square foot ancil- lary wing, basement and mechanical building and a 5,000 square foot detached storage building. EXHIBIT "B" • • S Assistant Director of Nursing 505 S Nursing Supervisor 505 H Head Nurse 301 -340 H Assistant Head Nurse 301 -340 H Staff Registered Nurse 301 -340 H Licensed Vocational Nurse 301 -340 H Surgical Technician 330 -338 H Nurse Aide 301 -340 H Male Nurse Technician 301 -340 H Ward Clerk 301 -340 H Transportation Orderly 300 -355 -365 H Graduate Nurse 300 H Pharmacist 345 H Pharmacy Assistant 345 S Central Supply Supervisor 350 H Central Supply Technicians 350 S Chief X -Ray Technologist 355 H Radiological Technologist 355 S Special Procedures Technician 355 H Dark Room Technician 355 H Ultrasonic Technician 384 S Nuclear Medicine Technician 385 S Chief Laboratory Technologist 365 H Senior Medical Technologist 365 H Licensed Medical Technologist 365 H Deiner 365 H Tissue Technician 365 H Laboratory Assistant 365 H Inhalation Therapy Technician 380 H Cardiopulmonary Technician 381 H ECG/EEG Technician 381 -382 H Registered Physical Therapist 383 H Physical Therapy Aide 383 S Therapeutic Dietician 500 H Food Service Worker 500 H Cook 500 H - Cooks Helper 500 H Baker 500 H Salad Girl 500 H Clerk, Diet 500 H Clerk, Storeroom 500 EXHIBIT "Cu • • H Inservice Instructor 510 H Audio - Visual Technician 510 H Housekeeping Supervisor 522 H Housekeeping Aide 522. H Janitor 522 -500 H Medical Transcriber 516- 355 -598 H Clerk, Medical Records 516 H Licensed Steam Engineer 535 H Craftsmen 535 H Maintenance Man 535 H Maintenance Helper 535. S Administrative Secretary 540 H Department Secretary 540 -542 -etc. H Clerk, General Office 540 H Junior Clerk 540 S Business Office Manager S Clerk, Accounts Receivable S Credit Manager Clerk, Accounts Payable Clerk, Data Processing (V.C. ) Clerk, Admitting H PBX Operator 559 PBX Supervisor 559 Storekeeper 544 H Storekeeper's Helper 544 S Department Head EXHIBIT "C" PAGE 2 REVENUE • ICU OCU Medical Surgical Orthopedics Obstetrics Nursery Delivery Room Operating Room Surgical Center Central Service Laboratory Pulmonary Function EKG EEG -EMG Radiology & ECHO Nuclear Medicine Pharmacy Inhalation Therapy Physical Therapy Emergency Room CAT Scanner CPR Lab Cardiology Pacemaker Hand Rehabilitation Back Rehabilitation Stroke Rehabilitation Bio Feedback EPIC Gastro Lab Renal Dialysis Miscellaneous Total Patient Revenue Deductions From Revenue Net Patient Revenue Other Operating Revenue Net Revenue FISCAL YEAR 1980 -1981 a b ACTUAL ACTUAL ANNUALIZED 1978 = 79 1979 -80 EXHIBIT "D" • c BUDGET (b-c) 1980 -81 VARIANCE ACTUAL OPERATING EXPENSES 1978 -79 Salaries & PR Related Supplies & Expense Depreciation & Amortization Professional & Public Liab. Interest Expense Contingency For Mid -Yr. Adj. a b ACTUAL ANNUALIZED 1979 -80 Miscellaneous Total Operating Expense Net Income. Retained For Capital Expenditures EXHIBIT "D" PAGE 2 • c d BUDGET (b-c) 1980 -81 VARIANCE ICU 0CU Medical Surgical Orthopedics Obstetrics Nursery Delivery Room Operating Room Surgical Center Central Service Laboratory Pulmonary Function EKG EEG -EMG Radiology :& ECHO Nuclear M dieine Pharmacy Inhalation Therapy Phoal Therapy Ei.,10..Acy -Room CAT Scanner CFR Lab Cardiology Pacemaker Hand Rehabilitation Back Rehabilitation Stroke Rehabilitation Bio Feedback EPIC Gastro Lab Renal Dialysis Miscellaneous Total Patient Care • BUDGETED EXPENSES (DEPARTMENTAL) FISCAL YEAR 1980 -1981 a b c d e ACTUAL ACTUAL ANNUALIZED BUDGET (b -c) DIRECT PATIENT CARE 1978 =79 1979 -80 1980 -81 VARIANCE % EXHIBIT "D" PAGE 3 a ACTUAL INDIRECT EXPENSES 1978 Dietary Laundry & Linen Housekeeping Maintenance & Operations Grounds, Gardens & Security Administration Medical Records Nursing Administration Inflation Contingency Miscellaneous Expense Total Indirect Expense Total Departmental Expense EXHIBIT "D" PAGE 4 b ACTUAL ANNUALIZED 1979 -80 • BUDGETED EXPENSES (DEPARTMENTAL) FISCAL YEAR 1980 -1981 c d BUDGET (b -c) 1980 -81 VARIANCE Beginning Balance SOURCE Receipts Operations Receipts - Other TOTAL SOURCE APPLICATION Operations Salaries Non- Salaries Fixed Expense Rent TOTAL Debt Retirement *Capital Expenditure (A -C Priority Only) TOTAL APPLICATION Cash Over (Short) Ending Balance *Capital Expenditure (D -E Priority) • • DOWNEY COMMUNITY HOSPITAL OPERATING FUNDS CASH FLOW BUDGET EXHIBIT "D" PAGE_ 5 City Councel of Downey Downey, California Gentlemen: • Pursuant to the Lease Agreement between the City of Downey, as Lessor, and Downey Community Hospital, as Lessee, we have determined the following: I. Daily Service Charges JNM2SL Based upon Downey Community Hospital's daily hospital service charges, dated , and the certificate setting forth the charges of the benchmark hospitals submitted to us by the Chief Executive Officer of Downey Community Hospital, we have determined the daily hospital service charges are equal to or less /more than the average of similar charges of the benchmark hospitals. The calculation was determined as follows: Downey Community Hospital Benchmark Hospital: 1. Whittier Pres. .2. Cedars Sinai 3. Good Sam. L.A. 4. Calif. Med. Ctr. 5. St. Francis Average of Benchmark Hospitals Benchmark Hospitals' Average Daily Service Charges in Excess of Downey Community Hospital's Average Daily Service Charges Private Semi- Ward ICU CCU Private Exhibit "E" II. Salary Increases Jb 23L- 010683 • Based upon Downey Community Hospital salary ranges, dated , a copy of which is attached hereto, and the certificate setting forth the Hospital Council guidelines submitted to us by the Chief Executive Officer of Downey Community Hospital, a copy of which is attached hereto, we have determined that no salary range by job classification as listed in Exhibit C of the Lease exceeds by more than 10 percent the salary guidelines as published by the Hospital Council of Southern California except for those listed below: Job Classification Downey Community Hospital Percentage Hospital Council Comparison Very truly yours, C.P.A. Company Exhibit "E" Page 2