HomeMy WebLinkAboutResolution 1792A Resolution ~~~~~ N°~~~
RESOLUTION APPROVING THE FINANCING BY THE
MESQUITE HEALTH FACILITIES 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"), authorizes 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 district within which such
health facility is or is to be located; and
WI~REAS, Christian Care Centers, Inc. (the "User") 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 "Project"); and
WHEREAS, the Project is or is to be located within the City of
Fort Worth (the "City") 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 221.030 of the Act and
approves the financing as required by Section 147(f)' of the
Internal Revenue Code o€ 1986; provided that the City 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.
and
1991.
Sect'dn~`2'C i This Resolution shall take effect immediately from
aftert.its',+""adoption and it is accordingly so ord red.
PASSED AND APPROVED, this the.-Jday o ,
~~:. 13~!
1L.,:
s~
G; ,
~y,Y` ~~ ~~,r,;
~r~ , ... _,__ Mayor
s..,~~.~:.,.., o ~
6^ ~~
CITY Vg FVST 1rVlL'i'a
f ,._. .,_,_ WS! .rr; .. _
' EXHIBIT A
DESCRIPTION OF THE PROJECT
The Project consists of the 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.
APPROVED By
C1TY COUNCIL
`~ _ t ~,a
._ ,
OEC 19 1991
9~~
~7 6eCZeIn[y 01 the
Cup A~,Foft lYP_?tk, TeKa