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HomeMy WebLinkAboutResolution 1089[CITY CONSENT] ted Resolution NO.l®e! AdOp RESOLUTION CONSENTING TO CAPITAL IMPROVEMENTS AT SAINT JOSEPH HOSPITAL AND THE ISSUANCE OF BONDS BY THE BEXAR COUNTY HEALTH FACILITIES DEVELOPMENT CORPORATION TO REFINANCE SUCH IMPROVEMENTS WHEREAS, SAINT JOSEPH HOSPITAL (the "Hospital"), situated in the City of Fort Worth, Texas, is owned and operated by Saint Joseph Hospital, Fort Worth, Texas, a Texas non-profit corporation (the "Owner"), and WHEREAS, the Owner has previously financed certain capital improvements to the Hospital, described in Exhibit "A" attached hereto and made a part hereof (the "Project"), and WHEREAS, the Project was financed in part with the proceeds of $44,320,000 Tarrant County Health Facilities Development Corporation Hospital Revenue Bonds (Saint Joseph Hospital Project) Series 1984 (the "Outstanding Bonds"), and WHEREAS, the Health Facilities Development Act, Article 1528j, Vernon's Texas Civil Statutes (hereinafter, together with any amend- • ments, called the "Act") provides for the creation by sponsoring enti- ties of health facilities development corporations with powers to provide, expand, and improve health facilities, and WHEREAS, the Act defines a "sponsoring entity„ as any city, county, or hospital district in Texas, and WHEREAS, Bexar County, Texas is a sponsoring entity pursuant to the act and has established the Bexar County Health Facilities Development Corporation (the "Health Facilities Corporation") pursuant to the Act, and WHEREAS, the Health Facilities Corporation at its September, 1985, meeting adopted a resolution agreeing and declaring its intention to issue its limited obligation notes and/or bonds to provide all or a portion of the amounts necessary to refinance the Project by refunding the Outstanding Bonds, and WHEREAS, the Health Facilities Corporation may so act with respect ,e to the Hospital (a health facility outside the limits of Bexar County) only with.the consent of every other sponsoring entity within which the Hospital is located, and 0 lA/IW04(a) t l WHEREAS, the City of Fort Worth, Texas, is a sponsoring entity within which the Hospital is located and has bien requested to give its consent pursuant to the Act, and WHEREAS, the action of the Health Facilities Corporation witL respect to the Hospital (including issuing bonds to refinance the. Project by refunding the Outstanding Bonds) will create no liability for the City of Fort Worth, Texas, or its residents and is in the best. interests of the City of Fort Worth, Texas, and its residents, Therefor-: BE IT RESOLVED, BY THE CITY COUNCIL OF -M CITY OF FORT WORTH TEXAS, THAT 1 Consent is hereby given for the Project and the issuance ?f bonds by the Health Facilities Corporation to refinance the Project by refunding the Outstanding Bonds 2 This consent shall continue in force and effect from the d,te. hereof PASSED AND APPROVED this day of 1985 Mayor ATTEST City Secretary (SEAL) I] 1A/IW04(a) -2- FYI r.S n 0 EXHIBIT 9 PROJECT DESCRIPTION • The Project financed with the proceeds of the Outstanding Bonds involved approximately 99,000 square feet of new construction of replacement facilities and approximately 18,000 square feet of renova- tion to upgrade then existing facilities in order to consolicate and relocate those Hospital services to appropriately sized and functionally related service locations Hospital departments which were elocated or renovated as a result of the Project included inpatient surgery/ recovery, outpatient surgery/ recovery, medical and surgical ntensive care, anesthesia, hemodialysis, cardiac catheterization laboratory, radiology-special procedures laboratory, central supply and sterile processing, administrative and medical records, medical staff services and dietary The Project also involved the construction of a new cafeteria, renovation of existing public waiting facilities, m.chanical/ electrical modification of the Existing Hospital Facility and relocation of surface parking facilities The Hospital presently consists mately 82,000 square feet of which is Project of 621,484 square feet, approxi- an increase as a result of the lA/IW04(g)