Hospital district gets provisional license
October 2, 2008 · Updated 3:01 PM
SNOQUALMIE _ Hospital District No.4's chances at
getting Snoqualmie Valley Hospital back up and operating took another step
forward early this week when the state granted the district a provisional
District Superintendent Jeffrey Lyle announced the development
at Monday night's regular meeting of the District 4 commissioners. The
provisional license maintains the hospital's Certificate of Need through Dec.
31, 2000, and gives the district additional time to find an agency or
organization to reopen and operate the health care facility.
The letter granting the provisional license, signed by Byron Plan of
the Washington State Department of Health, Hospital, Home Health
and Ambulatory Care, was dated Friday, Jan. 28. According to Lyle, the
timing of the letter was appropriate, as the district paid off its loans with
Evergreen Hospital Medical Center and Bank of America on that Thursday.
"The debt to Evergreen was paid off last Thursday morning at 9
a.m.," said Lyle. "We also paid off the
outstanding debt to Bank of America, which was about $150,000.
Notification came from the state after they got the word that the loans had been
The commissioners approved a Limited Tax Obligation Bond to
pay off Evergreen and Bank of America during a special meeting on
Thursday, Jan. 20. The bond replaced existing bonds from 1994 and 1996 and
was financed through Pacific Northwest Securities Corporation.
"We remind local residents that this was a no-tax-increase bond
issue," Lyle added. "This is the result of a
repayment of debt _ we paid off several million dollars of outstanding debt
_ and the tax base has gone up, which gave us the money to fund this
new bond. So there is no tax increase associated with this bond."
Lyle stated that repayment of the loans led to the issuance of the
provisional license and formed the basis for a potential plan to reopen the
"We had several entities who were interested in operating the hospital
but walked way because of the debt," Lyle said. "We've been in contact
with them, let them know the debt is no longer an issue, and we expect
The King County Public Hospital District No. 4 board of
commissioners meets the fourth Monday of every month in the hospital's
Weyerhaeuser Room. The next regularly scheduled meeting is Monday, Feb. 28, at