MASSENA - Saying he couldnt support borrowing more money when Massena Memorial Hospital was already in the red, Board of Managers member Darrell P. Paquin cast the sole no vote Monday night against the purchase of a new CT scanner package.
The hospital would lease the equipment for five years before buying it at the end of the five-year term. The cost would be $1,260,135.
In the process, they would face an interest rate of 2.9 percent, equating to $91,000 total interest.
Im opposed because of the leasing. I agreed we need a CT scanner. I dont agree with going out and borrowing money when were in debt, Mr. Paquin said.
Instead, he said, the hospital could use two anticipated reimbursement checks to pay cash for the machine.
Youre going to take on more debt because of the leasing, he said.