Resolution 90-12-11-90
11 r-t? ~ /.J -//~ ft?
RESOLUTION APPROVING THE FINANCING BY THE
BELL COUNTY HEALTH FACILITIES DEVELOPMENT CORPORATION
OF A HEALTH FACILITY LOCATED WITHIN
THE CITY OF WYLIE, TEXAS
WHEREAS, the Health Facilities Development Act, Chapter 221,
Texas Health and Safety Code (the "Act"), authorizes and empowers
Bell County Texas Health Facilities Development Corporation (the
"Issuer") to issue revenue bonds on behalf of Bell County, Texas
(the "Issuing Unit"), to finance the costs of health facilities
found by the Board of Directors of the Issuer to be required,
necessary or convenient for health care, research and education,
anyone 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
WHEREAS, Challenge Ministries, 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 Wylie (the "City") and outside the limits of the Issuing Unit;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF WYLIE,
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 of 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.
Section 2. This Resolution shall take effect immediately from
and after its adoption and it is accordingly so ordered.
PASSED AND APPROVED, this the ,/I day of ~~ ,
1990.
EXHIBIT A
DESCRIPTION OF THE PROJECT
The Project consists of various improvements to the Hillcrest
Manor Nursing Home facility owned and operated by Challenge
Ministries, Inc. which is located at 300 East Brown in Wylie,
Texas.