HomeMy WebLinkAboutResolution 2388
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,.._. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS
GIVING PERMISSION TO BELL COUNTY HEALTH FACILITIES DEVELOPMENT
CORPORATION FOR THE ISSUANCE OF BOND5 THE PROCEEDS OF WHICH
WILL BE USED TO FINANCE THE COST OF
HEALTH FACILITIES WITHIN THE CITY OF FORT WORTH, TEXAS
WHEREAS, the City of Fort Worth, Texas is a 'Sponsoring Entity" as defined m the
Health Facilities Development Act, Title IV Subtitle A, Chapter 221 of the Texas Health and
Safety Code, as amended (the Act) and
WHEREAS, Cook Children s Medical Center Inc. ("Children's") and/or W.I. Cook
Foundation (the 'Foundation') and/or affiliates thereof, each a Texas nonprofit corporation as
described m Section 501(c)(3) of the Internal Revenue Code of 1986 as amended (the 'Code')
intends to acquire, construct, equip or improve "health facilities as defined m the Act (the
"Property") as follows.
(i} health care facilities owned or to be owned by Children s and/or the Foundation
used at or for the acute Gaze hospital located at $O1 Seventh Avenue, Fort Worth,
Texas known as Cook Children s Medical Center
(ii) health care facilities including an approximately 88,000 square foot medical office
• building owned or to be owned by Children's and/or the Foundation located
southeast of the intersection of Terrell and Seventh Avenue, Fort Worth, Texas,
(iii) health care facilities mcludmg an approxmately 23 400 square foot pediatric clinic
owned or to be owned by Children's and/or the Foundation located on John Ryan
Drive, approximately 300 feet west of Harris Parkway m Fort Worth, Texas,
(iv) health care facilities mcludmg an approximately 24 000 square out-patient chmc
owned or to be owned by Children's and/or the Foundation to be located at 750
Mid-Gibes Blvd., Hurst, Texas.
WHEREAS, Children's and the Foundation, have requested the Bell County Health
Facilities Development Corporation, a health facilities development corporation created under
the Act to issue bonds (the 'Corporation'), to loan them or either of them a portion of the
proceeds of such bonds for the purposes described above; and
WHEREAS, the Property shall be 'health facilities" as defined in the Act; and
WHEREAS pursuant to Section 221 030 of the Act, the Corporation has authority to
acquire or cause a user to acquire, construct or improve one or more health facilities located
CERTIFICATE FOR RESOLUTION Page 1 95656 1
Bell County/FoH Worth Texas 69122/77088
outside the limits of the Corporation's Sponsoring Entity with the consent of each other
Sponsoring Entity in which the health facilities is or is to be located, and
WHEREAS, the City Council of Fort Worth, Texas, as a Sponsoring Entity m which the
health facilities described above are to be acquired, constructed or improved by Children's andlor
the Foundation with proceeds from the issuance of bonds by the Corporation, deems it necessary
and convenient to give permission to the Corporation for the use of proceeds of such bonds for
the purposes hereinbefore described.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, 'T'EXAS, THAT
1 Consent is given to the Corporation for the use of all or a portion of the proceeds
of bonds issued in one or more series by the Corporation to be loaned to Children's and/or the
Foundation and/or any affiliates thereof to be used to acquire, construct, equip or improve the
Property
2. This City Council finds, determines and declares that the use of proceeds of bonds
as described herein is in the public interest and to the benefit of the citizens of the City of Fort
Worth, Texas and the citizens of the State of Texas, and is required, necessary or convenient for
health care, research and education within the State.
3 This Resolution is given solely for the purposes of compliance with Section
221 030 of the Act and for no other purpose, and such bonds shall m no way be an obligation or
habihty of the City of Fort Worth, Texas, or any other political subdivision.
4 This approval shall take effect immediately
CERTIFICATE FOR RESOLUTION Page 2 95656 1
Bell County/Ford Worth Texas 69J22/77088