HomeMy WebLinkAbout6220-12-2025 - City Council - ResolutionA Resolution
NO.
RESOLUTION APPROVING, FOR PURPOSES OF SECTION 147(f) OF
THE INTERNAL REVENUE CODE, OBLIGATIONS ISSUED BY THE
NEW HOPE HIGHER EDUCATION FINANCE CORPORATION FOR
THE BENEFIT OF TEXAS CHRISTIAN UNIVERSITY
WHEREAS, the New Hope Higher Education Finance Corporation (the "Issuer") is empowered
issue its obligations in order to
enable institutions of higher education to acquire, construct, enlarge, extend, repair, renovate, or
otherwise improve an educational facility or any facility incidental, subordinate, or related to or
appropriate in connection with an educational facility, or for acquiring land to be used for those
purposes; and
WHEREAS, Texas Christian University (the Borrower ), a Texas nonprofit corporation,
proposes to obtain financing from the Issuer from the proceeds of one or more series of the
Issuer s bonds or notes, pursuant to a plan of financing, in a maximum amount not to exceed
$415,000,000 (the Obligations ), and will use the proceeds of the Obligations to finance and
refinance the acquisition, construction and equipment of improvements to the campus of the
Borrower, located generally at 2800 S. University Drive., Fort Worth, Texas (the Project ); and
WHEREAS, pursuant to the provisions of section 147(f) of Internal Revenue Code of 1986, as
amended (the Code ), the Issuer has caused to be published a notice of public hearing (the
TEFRA Notice ) with respect to the issuance of the Obligations and the financing of the
Project, and held such a hearing (the TEFRA Hearing ) on November 21, 2025, after
reasonable notice, with evidence of the publication and hearing attached hereto as an exhibit; and
WHEREAS, pursuant to the provisions of section 147(f) of the Code, the City Council of the
City of Fort Worth, Texas, after the TEFRA Hearing was conducted, must approve issuance of
the Obligations by the Issuer to enable the Obligations to qualify as tax-exempt obligations under
the Code;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS THAT:
1.The City Council, solely for purposes of section 147(f) of the Code, as the elected
legislative body having jurisdiction over the area in which the facilities proposed to be financed
and refinanced are located, hereby approves the proposed issuance of the Obligations by the
Issuer to finance and refinance the Project for the benefit of the Borrower, in an amount not to
exceed $415,000,000, and authorizes Mayor Mattie Parker to execute an Approval Certificate
evidencing such approval.
2.The foregoing approval is given in accordance with the provisions of section
147(f) of the Code and for no other purposes and is not to be construed as an undertaking by the
City of Fort Worth. THE OBLIGATIONS SHALL NOT CONSTITUTE A LIABILITY,
INDEBTEDNESS, OR OBLIGATION OF THE CITY OF FORT WORTH, NOR SHALL ANY
OF THE ASSETS OF THE CITY OF FORT WORTH BE PLEDGED TO THE PAYMENT OF
THE OBLIGATIONS.
3. This resolution shall take effect immediately from and after its passage in
accordance with the provisions of the Charter of the City of Fort Worth, and it is accordingly so
resolved.
PASSED AND APPROVED, this 2025.
__________________________
Mattie Parker, Mayor
APPROVED AS TO FORM AND LEGALITY:
By:__________________________
Leann Guzman, City Attorney
ATTEST:
By:____________________________
Jannette S. Goodall, City Secretary
Project Location
CERTIFICATE OF MAYOR OF CITY OF FORT WORTH, TEXAS
REGARDING ISSUANCE OF OBLIGATIONS OF NEW HOPE HIGHER
EDUCATION FINANCE CORPORATION (TEXAS CHRISTIAN
UNIVERSITY PROJECT)
WHEREAS, a public hearing was held on November 21, 2025, by the New Hope Higher
Education Finance Corporation (the "Issuer") with respect to the proposed issuance of one or more
series of obligations to be issued by the Issuer, in an aggregate principal amount not to exceed
$415,000,000 (the "Obligations"), to finance and refinance the acquisition, construction and
equipment of improvements to the campus of the Borrower, located generally at 2800 S.
University Drive, Fort Worth, Texas (the "Project"), and no member of the public appeared at
such public hearing; and
WHEREAS, it is necessary for the undersigned, as the highest elected official of the City
of Fort Worth, Texas, to approve the Obligations and the Project to satisfy the requirements of
section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"); and
WHEREAS, on December 9, 2025, the City Council of the City of Fort Worth, Texas
adopted a resolution approving the Obligations to satisfy the requirements of section 147(f) of
the Code and authorizing the highest elected official of the City of Fort Worth, Texas, to execute
this Certificate evidencing such approval; and
NOW, THEREFORE, the undersigned Mayor of the City of Fort Worth, Texas, hereby
approves the issuance of the Obligations in an aggregate principal amount not to exceed
$415,000,000 to finance and refinance the Project, and such approval shall be solely for the
purposes of section 147(f) of the Code, and the City of Fort Worth, Texas shall have no liabilities
for the payment of the Obligations nor shall any of its assets be pledged to the payment of the
Obligations.
In Witness Whereof, I have set my hand this 2025.
By: __________________________________
Mayor, City of Fort Worth, Texas
December 9,