PROFESSIONAL_SERVICESAPPROVED

Columbia County Hospital District Minutes of the Special Board Meeting 2026-05-11

Hospital District Hires Firm to Pursue ERC Funds

30% contingency fee of ERC funds recovered (estimated ERC ~$2,000,000 plus IRS interest)Dayton General HospitalSAGEMONT COST RECOVERY LLCMay 11, 2026

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Description

The Columbia County Public Hospital District Board approved engaging Sagemont Cost Recovery LLC on a contingency basis to pursue Employee Retention Credit funds, with an estimated ERC amount of about $2 million plus interest. Sagemont will conduct data gathering and prepare submissions ahead of a July 10 filing deadline and will only be paid 30% of successfully recovered funds once the District receives them.

Contract Details

Contract Amount

30% contingency fee of ERC funds recovered (estimated ERC ~$2,000,000 plus IRS interest)

Vendor

SAGEMONT COST RECOVERY LLC

Agency

Dayton General Hospital, WA

Contract Type

PROFESSIONAL_SERVICES

Document Date

May 11, 2026

Contract Term

Work to occur over the next several weeks with potential IRS disbursement as late as 2028; fee payable only upon receipt of ERC funds

Renewal Info

Contingency-based professional services engagement; Sagemont is compensated only upon successful ERC recovery. No explicit renewal terms were discussed in the minutes.