The Kenai Peninsula Borough Assembly had some housekeeping measures to take care of related to the borough’s response to the coronavirus pandemic. The assembly met for an emergency meeting at 2 p.m. April 3.
All four measures on the agenda passed unanimously. The assembly extended the payment deadline for special assessment districts from March 31 to June 30. Interest on late payments won’t start to accrue until July 1.
South Peninsula Hospital will be allowed to keep additional cash on hand in case the hospital has increased costs in responding to COVID-19 patients. Usually, the hospital would transfer any additional money beyond 90 days worth of operating expenses into the hospital’s plant replacement fund at the end of the quarter, which was March 31. That’ll be put off until the end of the next quarter.
The assembly also gave SPH a green light to apply for a paycheck protection loan, which is part of the federal coronavirus relief act passed by Congress last week. Since elective medical procedures and noncritical services are not being allowed for the time being, SPH estimates an $11.4 million operating loss from March through June. The hospital will apply for $5.6 million to cover payroll and other operating expenses.