HomeMy WebLinkAboutRES 2001-042 RESOLUTION NO. 2001-42
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS CONCERNING THE USE OF THE
PROCEEDS OF BONDS ISSUED BY THE NORTH
CENTRAL TEXAS HEALTH FACILITIES DEVELOPMENT
CORPORATION FOR THE BENEFIT OF BAYLOR
MEDICAL CENTER AT GRAPEVINE AND PROVIDING AN
EFFECTIVE DATE
WHEREAS, the North Central Texas Health Facilities Development Corporation
(the "Issuer") was created by Dallas County, Texas, pursuant to the provisions of the
Health Facilities Development Act, Chapter 221, Texas Health and Safety Code (the
"Act"); and
WHEREAS, it has been proposed that the Issuer issue its limited obligation
hospital revenue bonds (the "Bonds") and loan the proceeds to Baylor Health Care
System, a Texas non-profit corporation, to finance and refinance certain costs of
acquisition, improvement, construction, equipping and furnishing (the "Costs") a health
facility which is located within the territorial limits of the City of Grapevine, Texas (the
"City"), namely Baylor Medical Center at Grapevine (the Facility"); and
WHEREAS, the City is a "sponsoring entity" within the meaning of the Act; and
WHEREAS, under the Act, use of the proceeds of the Bonds to pay the Costs of
the Facility which is located outside the limits of Dallas County, Texas, and within the
limits of the City, requires the consent of the City's governing body (the "City Council");
and
WHEREAS, it is deemed necessary and advisable that this Resolution be
adopted.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
Section 1. That this Resolution is adopted for the purpose of satisfying the
conditions and requirements of Section 221.030 of the Act.
Section 2. That the City hereby consents, within the meaning of Section
221.030 of the Act, to the use by the Issuer of the proceeds of the Bonds to finance and
refinance the Costs of the Facility.
Section 3. That this Resolution is not to be construed as an undertaking by the
City, and the Bonds shall never constitute an indebtedness or pledge of the City within
the meaning of any constitutional or statutory provision, and the owners of the Bonds
shall never be paid in whole or in part out of any funds raised or to be raised by taxation
or any other revenues of the City.
Section 4. That the Administrative Services Director, City Secretary and each
member of the City Council are hereby authorized, jointly and severally, to execute and
deliver such endorsements, instruments, certificates, documents, or papers as are
necessary or advisable to carry out the intent and purposes of this Resolution.
Section 5. This Resolution shall take effect immediately from and after its
adoption.
The undersigned duly authorized officer of the City hereby certifies that the
foregoing resolutions were duly adopted at a meeting of the City's governing body held
on September 18, 2001, notice of which was duly given and published as required by
law, and at which a quorum was present and acting, and such Resolution has not been
amended or rescinded.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 18th day of September, 2001.
APPROVED:
L�
William D. Tate
Mayor
ATTEST:
Linda uff
City Secretary
APPROVED AS TO FORM:
D. H. Conner I I I
City Attorney
RES. NO. 2001-42 2