City council sets hearing for ISH borrowing

At the October 20 Clarion City Council Meeting, Greg Polzin, Iowa Specialty Hospitals’ Chief Financial Officer, appeared before the council to ask them to set up a public hearing for the hospital to enter into a loan agreement. Polzin said the hospital hopes to borrow an amount not exceeding $4 million to build a clinic in Webster City. ISH is currently renting space but is planning to expand that operation. The hospital operates as a city enterprise so must seek council approval before entering into debt. The hearing was set for November 17.