A Three Rivers Health Authority Asset Sale Question will be on the November 8, 2011 ballot in the city of Three Rivers which is in St. Joseph County.
This measure seeks to allow the sale of the assets of the Three Rivers Health Authority to the Three Rivers Health System, Inc. The Health authority had attempted to get a tax increase approved by voters in 2009, but the measure was defeated by residents. The president of the authority thought allowing them to become a nonprofit, tax-exempt 501(c)(3) corporation was the best way for them to remain as a viable option. If this measure is approved, the authority would be able to receive a bond in the amount of $2 million to pay off previous bonds.
Text of measure
The question on the ballot:
|| Shall the Three Rivers Health Authority be authorized to sell, lease and/or transfer all of the assets of Three Rivers Health Authority to Three Rivers Health System, Inc., a Michigan nonprofit corporation, pursuant to the terms of a proposed Transfer Agreement and Act 47 of the Public Acts of Michigan, 1945?