HomeMy WebLinkAbout1985-R-05 - Approve Financing Health FacilityRESOLUTION NO. 1985-5
A RESOLUTION APPROVING THE FINANCING OF A HEALTH
FACILITY BY TARRANT COUNTY HEALTH FACILITIES
DEVELOPMENT CORPORATION.
WHEREAS, Tarrant County Health Facilities Development
Corporation (the "Issuer") was created under the auspices of
Tarrant County, Texas, pursuant to the Health Facilities
Development Act, Art. 1528j, V.A.T.C.S. (the "Act"); and
WHEREAS, the Act provides that the Issuer may finance health
facilities to be located outside Tarrant County, in the City of
Stephenville (the "City") in Erath County (the "County"), with
the consent of the City and the County; and
WHEREAS, the City has been requested by Harris Methodist
Health System, a Texas nonprofit corporation (the "System") to
consent to the financing by the Issuer of the construction of the
health facilities, to be located at 411 N. Belknap Street,
Stephenville, Texas and constituting health facilities under the
Act; and
WHEREAS, the System has advised the City that the consent of
the City to the financing of such health facilities by the Issuer
would result in certain savings to the System because the costs
of issuance for the financing of such health facilities would be
reduced; and
WHEREAS, it is deemed necessary and advisable that this
Resolution be adopted.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
STEPHENVILLE, TEXAS THAT:
The City Council hereby consents to the financing of the
Y health facilities referred to above by the Tarrant County Health
Facilities Development Corporation.
PASSED AND ADOPTED this the 3rd day of September, 1985
ATTEST:
ity Secretary
David Clayto Mayor