HOLLIDAYSBURG - The sales agreement outlining conditions for the transfer of Valley View Home to a Philadelphia-area company is scheduled for a vote on Thursday.
Blair County commissioners, who voted 2-to-1 in March to sell the facility for $16.5 million to Reliant Senior Care Management Inc. of Philadelphia, recessed Tuesday's weekly meeting with plans to reconvene at 11:30 a.m. Thursday at the courthouse.
The preparation work for the sales agreement is not yet finished, Commissioners Chairman Terry Tomassetti said Tuesday.
"We're very close but not quite there," Tomassetti said. "There's a lot of territory to cover and a lot of information."
The weekly agenda indicated that the county expects to be signing a sales agreement and an operations transfer agreement with Valley View Realco Limited Liability Corp. The parties are also expected to sign a related escrow agreement.
The state Bureau of Corporations could offer no information Tuesday about Valley View Realco Limited Liability Corp. but it did have a recent filing on record for Valley View Health and Rehabilitation Center, 301 Valley View Blvd., listing Reliant Valley View LLC of Philadelphia as the owner.
Tomassetti said it's not unusual for a business acquiring property to form a limited liability corporation.
Reliant Senior Care Management Chief Executive Officer Nathan Niles said recently that he would decline comment until after the sales transaction is complete.
If the sales agreement is ready for signing on Thursday, a closing date could be set that will designate the last day of county-ownership and the first day of private ownership for Valley View.
In its response to the county's request for proposals, representatives for Reliant Senior Care Management indicated that all residents of Valley View Home can continue living there as long as they are eligible to receive care at a skilled nursing facility.
The company also agreed to maintain Valley View Home as a skilled nursing facility for at least 10 years and to retain Parkview Terrace apartments which were created in a former wing of the home.
The proposed sale excludes the neighboring soccer fields built on ground that the county leases to the Altoona division of the American Youth Soccer Organization.
Mirror Staff Writer Kay Stephens is at 946-7456.