HomeMy WebLinkAbout1999-R-06 - COUNTY HEALTH FACILITYResolution No. 1999-6
A RESOLUTION APPROVING THE FINANCING BY THE BELL COUNTY
HEALTH FACILITIES DEVELOPMENT CORPORATION OF A FACILITY
LOCATED WITHIN THE CITY OF STEPHENVILLE, TEXAS, AND
APPROVING THE ISSUANCE OF CERTAIN BONDS RELATED THERETO
WHEREAS, the Health Facilities Development Act, Chapter 221, Texas Health
and .Safety Code (the "Act"), authorizes and empowers Bell County Health Facilities
Development Corporation (the "Issuer"), to issue revenue bonds on behalf of Bell County,
Texas (the "Issuing Unit"), to finance the costs of health facilities found by the Board of
Directors of the Issuer to be required, necessary, or convenient for health care, research,
and education, any one or more, within the State of Texas and in furtherance of the public
purposes of the Act; and
WHEREAS, the term "health facilities" includes a "retirement home, retirement
village or home for the aging"; and
WHEREAS, Section 221.030 of the Act provides that the Issuer may provide for
the financing of one or more health facilities located outside the limits of the Issuing Unit
with the consent of every city, county, and hospital district within which such health
facility is or is to be located; and
WHEREAS, F.H.C. Development Corporation (the "User"), a nonprofit Texas
corporation, proposes to obtain financing from the Issuer from proceeds of the Issuer's
bonds issued pursuant to the Act for the costs of an approximately 90-unit independent
living retirement center, together with common dining area, laundry facilities and other
related amenities to be located in the 1700 block of North Graham Street, contiguous to the
Foster's Home for Children campus in the City of Stephenville, Erath County, Texas (the
"Project"); and
WHEREAS, this City Council has held a public hearing regarding the issuance of
the proposed bonds for such project after publication in accordance with the requirements
of Section 147(f) of the Internal Revenue Code of 1986, as amended; and
WHEREAS, the Project will be located within the City of Stephenville, Texas (the
"city") and outside the limits of the Issuing Unit;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF STEPHENVILLE, TEXAS, that:
Section 1. The City of Stephenville, Texas, hereby consents to the exercise by the
Issuer of its powers to provide for the financing of the Project as required by Section
} 221.030 of the Act.
F.H.C. Resolution — Page 1 374
Section 2. Solely for the purpose of granting that approval required by Section
147(f) of the Internal Revenue Code of 1986, as amended, the City Council acting as the
11 "applicable elected representative" of the City of Stephenville, Texas, hereby approves the
bond issue being used to finance the Project.
Section 3. The City of Stephenville, Texas, shall have no liability whatsoever in
connection with the proposed bonds, the financing of the Project, or the Project itself, it
being specifically understood that the consents granted herein are solely to accommodate
the financing of the Project by the Issuer and to give that approval required by the Internal
Revenue Code so that the bonds issued to finance the Project may be issued on the tax-
exempt basis.
Section 4. The City of Stephenville, by giving its consent for the Issuer to issue the
proposed bonds and by approving the issuance of the bonds in no event waives any
building code requirements or other requirements of the City of Stephenville relating to the
construction of the Project, all of which requirements shall remain in full force and effect.
Section 5. This resolution shall take effect immediately from and after its adoption
and it is accordingly so ordered.
Section 6. It is officially found and determined that this meeting was open to the
public as required by law and that notice of the time, place, and subject matter of this
meeting has been posted in the manner required by law.
PASSED and APPROVED by the City Council of the City of Stephenville, Texas,
this 17`h day of August, 1999.
ATTEST
Cindy L. ord, City S ary
J�W&&
Reviewed by Donald B. Davis,
City Administrator
Approved as to form and legality by
Randy Thomas, City Attorney
0
11 Moser, Mayor
F.H.C. Resolution — Page 2 375