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~. - a ~ ._.... ~~ .. ss-mF <br /> DEFINITIVE AGREEMENT _ _ <br />1.1.1 CCF's Approval of Certain Actions <br /> • Changes to Articles of Incorporation and Code of Regulations ' In Compliance. <br /> • Merger, consolidation or dissolution of Hospital <br /> + Management contract, lease or similar contract, involving <br /> significant. portion of assets or operations, with third party <br /> • Appointment of auditors <br /> • Unbudgeted capital projects. in excess of $500,000 <br /> • Incurrence of indebtedness, capital expenditures, or disposal of <br /> assets in excess of $500,000 <br /> • Annual operating and capital budgets <br /> • Strategic. and financial plans, including implementation of new <br /> orelimination of existing services <br />1.1.3 Governing Board -Composition of 23 member Board, in accordance with See response to 9.2(j) of City Lease <br /> Lease requirements. <br />,. , , <br />. <br />, <br /> -; , t ~ <br />1.4 Lakewood Hospital Medical Staff will continue to have same rights and LHA Medical Staff remains independent; credentialling <br /> privileges. Lakewood will establish medical staff dedelopment and ' approved solely by LHA Boazd; LHA is part of the <br /> recruitment plans ' Regional Medical Staff Development Plan. <br />1.5 Employees will remain employees of Lakewood Hospital In Compliance. <br />1.6 Integrated Delivery System '! In Compliance. <br /> Hospital will be an active participant CCP regional health care system and <br /> a Member of CHN. Integration will enable CCF and Hospital to develop Note: During 2009 the Executive Committee of CCF's <br />I and implement a continuing health care system and evolve or expand ' 'Board of Tmstees was recast as CCF's Boazd of Directors, <br /> Hospital services in which primary fiduciary duties reside. The Hospital's <br /> 'Chairman continues to serve on the CCF Board of Trustees <br /> ':and not on the Boazd of Directors. Discussion regarding <br /> 'this matter continues... <br />Page 9 <br />