WMC Campus Tax Exempt status on the agenda for Council Work Session

Tuesday, March 23  5:30 p.m. in Rouss City Hall, Council Chambers


One of the items on the agenda:
O-2010-12: Ordinance 

AN ORDINANCE TO DENY THE APPLICATION OF WINCHESTER MEDICAL CENTER FOR TAX EXEMPT STATUS BY CHARITABLE ORGANIZATION PURSUANT TO 27-33 OF THE WINCHESTER CITY CODE  (pages 16-22)

[This is a blanket exemption request for the entire campus] 

Financial Impact:
At the City of Winchester's current tax rate of $0.77 and the property having an assessment of $272,214,900.00, this equates to $2,096,054.73 in tax dollars.

Salary history on the MILLION dollar CEO for a local area non-profit

Just wanted to shared the total compensation package figures of this MILLION dollar CEO for a local area non-profit institution.

2003 - $455,020

2004 - $620,432

2005 - $824,113

2006 - $730,318

2007 - $927,147

2008 - $1,036,579

Source of information for years 2003-2005 was obtained from "wherethemoneygoes.com" and 2006-2008 were the IRS990's.  Years 2006 and 2007 were just Base Compensation and Contributions to employee benefit plan and deferred comp plans.  For year 2008, the compensation package went into a more detailed breakdown.

Local Area area non-profit had a MILLION dollar CEO in 2008

Despite difficult economic times, pay raises were plentiful for some individuals for one local area non-profit in 2008 despite the fact they showed less money made on paper vs. 2007.

This million dollar CEO got a pay raise that was worth a total compensation package of $109,426.

631,330 - Base Compensation

 60,000 - Bonus & Incentive Compensation

 15,007 - Other Compensation

301,193 - Deferred Compensation

 29,049 - Nontaxable Benefits

==========

$1,036,579

Stay tuned to become more informed!

The former Jimmy's Steakhouse Restaurant ... is there another side to that story???

Look for a local paper to have a more in-depth story about the former tenant being removed prematurely from a 20-yr option lease on the restaurant.

It was stated that two local construction companies already have contracts in place to do some work at the former local restaurant.

This source stated that after you learn more about this other side of the story, it just might make you think twice about supporting anything related to Shenandoah University.

Keep an eye on one of the local papers!

Wonder why VHS didn't adhere to IHRSA's recommendation back in 2005?

Please review the attached letter that IHRSA (International Health, Racquet and Sportsclub Association) sent to Valley Health officials back on January 23, 2005.

IHRSA_Letter_BOD_VHS_2005_Page1.pdf

IHRSA_Letter_BOD_VHS_2005_Page2.pdf 

---------- Forwarded message ----------
From:
Date: Fri, Mar 5, 2010 at 12:05 PM
Subject: IHRSA letter to VHS BOD's back in 2005 (Wellness & Fitness Facility)
To:
Cc:


Dear Jim and Milt,

I just got off the with Tim Sullivan from IHRSA and he informed me that the VHS BOD's never responded to the attached letter from 2005.

Please review IHRSA's recommendation on how VHS should operate the Wellness & Fitness Facility.


Respectfully shared,
Jeff Milburn

 


---------- Forwarded message ----------
From: Tim Sullivan
Date: Fri, Mar 5, 2010 at 11:34 AM
Subject: Re: IHRSA Letter to Valley Health BOD 2005
To:

Jeff,

Nice speaking with you. See if you have better luck opening the attached.

Tim

Tim Sullivan, Legislative Analyst
IHRSA, International Health, Racquet & Sportsclub Association
Seaport Center • 70 Fargo Street • Boston, MA 02210 USA