HomeMy WebLinkAboutResolution 2213A Resolution ~~o~~i~x >~o.~
RESOLUTION APPROVING THE FINANCING BY THE
MESQUITE HEALTH >~ACILITIES DEVELOPMENT CORPORATION
OF A HEALTH FACILITY LOCATED WITHIN
THE CITY OF FORT WORTH, TEXAS
WHEREAS the Health Facilities Development Act, Chapter 221 Texas Health and Safety
Code (the Act"), authonzes and empowers Mesquite Health Facilities Development Corporation (the
'Issuer") to issue revenue bonds on behalf of the City of Mesquite, Texas (the 'Issuing Unit") to
finance and refinance the costs of certain 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 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 other city county or hospital distract within which such health facility is 6r is to be
located, and
WHEREAS Christian Care proposes to obtain financing from the Issuer from a portion of
the proceeds of the Issuer's bonds issued pursuant to the Act for the costs of the health facility
described in Exhibit A hereto (the 'Protect") and
WHEREAS, the Project is or is to be located wrfhin the Crty of Fort Worth (the Crty") and
outside the limits of the Issuing Unit;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF FORT WORTH,
TEXAS THAT
Section 1 The City hereby consents to the financing by the Issuer of the Project as required
by Section 22l 030 of the Act and approves the financing as required by Section 147(f) of the
Internal Revenue Code of 1986 provided that the Crty shall have no liability in connection with the
financing of the Project and shall not be required to take any further action with respect thereto
Section 2. This Resolution shall take effect immediately from and after its adoption and rt is
accordingly so ordered.
PASSED AND APPROVED this the day of /1 '~ 1996
APPROVED ~ ,
1TY COUNCfL ~ 1~-~--~ ^-~
G
Mayor
cFp ~ 1996
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c~tp.secr~
City of Fort
CITY OF FORT WORTH
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EXHIBIT A
DESCRIPTION OF THE PROJECT
The Project consists of the financing and refinancing of the cost of acquiring, constructing and
equipping Christian Care Center's Lakewood Village Facilities. The Lakewood Village facilities are
located on approximately 32 9 acres of land at 5100 Randol Mill Road in Fort Worth, Texas and
consists of the 157-unit Lakewood Village Retirement Center and 36-bed Lakewood Village Medical
Center Expansion of the Lakewood Village Facilities will consist of the addition of 38 Personal Care
units to be added to the Medical Center