Utah Clinic Awaits Construction Financing

MONTICELLO, Utah — Construction will begin on a new physician clinic adjacent to the San Juan Hospital in Monticello as soon as bonds are sold to fund the project, officials announced. The Utah Community Impact Board is expected to purchase $1,180,000 in Lease Revenue bonds this week.

 

Eaton Architects designed the clinic and Tri-Hurst/Hogan Construction is handling construction.

 

The 10,440-square-foot, two story clinic is expected to be complete by October of 2011. It will have ten provider offices, ten examination rooms including two larger treatment rooms and a small classroom for education programs.

 

The San Juan Hospital is currently so crowded that two doctors have offices located in closets. The new clinic will provide adequate office space for every doctor.

 

A Local Building Authority has been formed to build the clinic. The health care district will lease the facility from the LBA and the lease payments will be used to pay the bonds.

 

The bond will be paid with an annual payment for the next 30 years at less than one percent interest. The debt payment for the project will be about $100 a day.

 

In the past two years, the health care district has gone through a strategic restructuring of operations to in order to accommodate the opening of the Blue Mountain Hospital in Blanding. The restructuring included $4.3 million in capital projects such as a new operating room suite, dietary lab expansion, a new clinic in Spanish Valley and the new clinic in Monticello.

 

More than 60 percent of the $4.3 million in projects has been paid by grants, with the remaining $1.7 million financed through debt.