NEWS
Bowie Memorial Hospital halts negotiations with the Brough Group
By BARBARA GREEN
With the Brough Group unable to fulfill any of the financial requirements in the proposed sales contract, the Bowie Memorial Hospital Board of directors voted Wednesday to discontinue negotiations and begin exploring other options.
The board has been in negotiations with the Brough Group since early December with the most recent action on Dec. 30 where a price of $1.5 million was finalized. It would have included the hospital building, all real estate, furniture, fixtures, equipment and assets excluding mineral leases, cash and accounts receivable.
That contract also required Brough to place $150,000 in earnest money in an escrow account along with a letter of guaranteed expendable funds from a creditable banking institute within 10 days.
Wednesday, Chief Executive Officer Lynn Heller recommended negotiations with the Brough Group be stopped. He explained the group has not provided any of the good faith money or guarantee, as well as any further proposal. Read the full story in the weekend News.
Members of the Bowie City Council will meet in regular session at 6 p.m. on May 13 in council chambers.
The meeting opens with a proclamation for Emergency Medical Services Week.
City Manager Bert Cunningham will report on recent rainfall problems, Smythe Street sidewalk project and the substation work.
There is only one item of new business an ordinance related to speed limits on specific streets. Public comments and approval of minutes wrap up the agenda.
The board of directors of the Amon Carter Lake Water Supply Corporation will meet at 6 p.m. at Carter Lake Baptist Church 4759 FM 1125.
Agenda items include an engineer’s presentation and resolution workshop with Daniel Deweber and Prairie Branch Properties.
-
NEWS2 years ago2 hurt, 1 jailed after shooting incident north of Nocona
-
NEWS1 year agoSuspect indicted, jailed in Tia Hutson murder
-
NEWS2 years agoSO investigating possible murder/suicide
-
NEWS2 years agoWreck takes the life of BHS teen, 16
-
NEWS2 years agoMurder unsolved – 1 year later Tia Hutson’s family angry, frustrated with no arrest
-
NEWS2 years ago
Sheriff’s office called out to infant’s death
-
NEWS2 years agoBowie Police face three-hour standoff after possible domestic fight
-
NEWS2 years ago
Driver stopped by a man running into the street, robbed at knifepoint