Council ok’s hospital loan for Web City project

At the Tuesday, November 17 meeting of the Clarion City Council, a public hearing for a hospital loan agreement was held. Iowa Specialty Hospital plans to borrow an amount not to exceed $4,000,000 to build a new clinic in Webster City. They have outgrown their current space there. ISH CFO Greg Polzin said that even with COVID, the hospital is doing well and does not anticipate problems paying the note back. There was no public comment during the hearing, and the council subsequently passed the resolution to proceed with the issuance of the hospital revenue note.