Yampa Valley Bank donates $10K to Memorial Regional Health Foundation’s capital campaign
CRAIG — Locally owned Yampa Valley Bank is the latest company to donate in support of a new medical office building in Craig.
The company contributed $10,000 toward the $1 million fundraising goal, set by the Memorial Regional Health Foundation.
“We are thrilled to provide support,” Bank President Dave Fleming said.
He described several reasons for the donation.
“It adds to quality of life. The more and better sources for health care, the higher the quality of life. MRH is a key, driving factor in the overall viability of the community. It helps us support the efforts of our employees,” he said.
Yampa Valley Bank employees Ashley Kawcak and Cathrine Blevins are two of the bank volunteers for MRH. They helped present the donation to MRH Foundation Director Eva Peroulis on Monday.
“The support is tremendous,” said Kawcak, who serves as vice chair of the MRH Foundation board.
Blevins, who serves as vice chair of the board of trustees, was instrumental in restructuring the loan used to build the hospital at a savings of about a $1 million per year, savings that will be being leveraged to construct the medical office building.
“We’re paying less and investing the savings back into the community,” she said.
Construction of the medical office building is estimated to cost $29 million, including equipment and furnishings.
“The purpose of a capital campaign is to raise $1 million within the community to help fund construction of the new medical facility. The capital campaign is required when applying for grants. It shows community support and commitment to the project, resulting in increased grant funding,” Peroulis said.
No new taxes or bonds are being considered for the project. Instead, the health system’s general operating budget, grants and a recently approved U.S. Department of Agriculture loan, will pay for the new building.
“We are planning on a groundbreaking in April,” said MRH CEO Andy Daniels.
Contact Sasha Nelson at 970-875-1794 or snelson@CraigDailyPress.com.
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