Is PPH Going To San Marcos Anyway?

PPH has just posted another night of serial "Special" Board Meetings. No surprise. What is surprising is the topic!

Last week, PPH accepted the Escondido compromise. Right?

Hold on!

At 5 pm, Tuesday August 30, 2005, PPH will have a special meeting of its Board of Directors, in Room E at Pomerado Hospital:

"The meeting will be to discuss the San Marcos property; Options for the purchase of property at the ERTC (Escondido Research and Technology Center) site; and Potential Joint Development Agreement between the City of Escondido and Palomar Pomerado Health related to ERTC infrastructure, with a portion of the meeting being a full-board closed session pursuant to:

1. CONFERENCE WITH REAL PROPERTY NEGOTIATORS - 30 min
pursuant to Government Code Section 54956.8

Property: A certain portion of Blocks 63 and 67 Rancho Los Vallecitos Drive, San Marcos in the County of San Diego, Map #806 comprising approximately 86 gross acres.
Agency Negotiators: Bob Hemker, CFO, PPH
Negotiation Parties: Michael P. Neal, President and CEO, H.G. Fenton Company and PPH
Under Negotiation: Price and Terms

See Notice below:


The second Special Meeting of the Board of Directors for the evening is a joint Board/Finance Committee meeting. This meeting will be Open Session. See Notice below: