HomeMy WebLinkAboutResolution 3329-03-2006RESOLUTION NO 3329-03-2006
RESOLUTION CONCERNING THE USE OF THE PROCEEDS OF BONDS
ISSUED BY THE NORTH CENTRAL TEXAS HEALTH FACILITIES
DEVELOPMENT CORPORATION FOR THE BENEFIT OF
BAYLOR ALL SAINTS MEDICAL CENTER
WHEREAS, the North Central Texas Health Facilities Development Corporation (the `Issuer")
was created by Dallas County Texas, pursuant to the provisions of the Health Facilities Development
Act, Chapter 221 Texas Health and Safety Code (the Act") and
WHEREAS, rt has been proposed that the Issuer issue its limited obligation hospital revenue
bonds (the `Bonds") and loan the proceeds to Baylor Health Care System, a Texas non-profit
corporation, to finance and refinance certain costs of acquisition, improvement, construction, equipping
and furnishing (the `Costs") health facilities which are located wrthm the territorial hmrts of the City of
Fort Worth, Texas (the `City"), namely Baylor All Saints Medical Center (the `Facility") and
WHEREAS, the Crty is a `sponsoring entity" wrthm the meaning of the Act; and
WHEREAS, under the Act, use of the proceeds of the Bonds to pay the Costs of the Facility
which is located outside the hmrts of Dallas County Texas, and wrthm the hmrts of the Crty requires
the consent of the City's governing body (the `Crty Council ') and
WHEREAS, rt is deemed necessary and advisable that this Resolution be adopted,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS, THAT
Section 1 This Resolution is adopted for the purpose of satisfying the conditions and
requirements of Section 221 030 of the Act.
Section 2 The Crty hereby consents, wrthm the meaning of Section 221 030 of the Act, to the
use by the Issuer of the proceeds of the Bonds to finance and refinance the Costs of the Facility
Section 3 This Resolution is not to be construed as an undertaking by the City and the Bonds
shall never constitute an indebtedness or pledge of the City within the meaning of any constitutional or
statutory provision, and the owners of the Bonds shall never be paid in whole or in part out of any funds
raised or to be raised by taxation or any other revenues of the Crty
Resolution No. 3329-03-2006
Section 4 The Mayor and each member of the City Council are hereby authorized, jointly and
severally to execute and deliver such endorsements, instruments, certificates, documents, or papers as
are necessary or advisable to carry out the intent and purposes of this Resolution.
Section 5 This Resolution shall take effect immediately from and after its adoption.
The undersigned duty authorized officer of the Crty of Fort Worth, Texas, hereby certifies that
the foregoing resolution was duly adopted at a meeting of the Crty Council of the City of Fort Worth,
Texas, held on March 28 2006 notice of which was duly given and published as required by law and at
which a quorum was present and acting, and such Resolution has not been amended or rescinded.
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APR~ROV~
CITY OU~'CI~
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pity Secretary of the
fmity of Fort Worth, Texas
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