1993-001-RES RESOLUTION CONSENTING TO CAPITAL IMPROVEMENTS AT ST, JOSEPH'S HOSPITAL AND HEALTH

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RESOLUTION NO. 93-001 RESOLUTION CONSENTING TO CAPITAL IMPROVEMENTS AT ST, JOSEPH'S HOSPITAL AND HEALTH CENTER AND THE ISSUANCE OF BONDS BY THE BEXAR COUNTY HEALTH FACILITIES DEVELOPMENT CORPORATION TO REFINANCE $UCH IMPROVEMENTS WHEREAS, ST. JOSEPH'S HOSPITAL & HEALTH CENTER (the 'Hospital'), situated in the City of Paris, Texas, is owned and operated by SI. Joseph's Hospital and Health Center, Paris, 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 part hereof (the 'Project'); and WHEREAS, the Project was financed in part with the proceeds of $166,495,000 Bexar County Health Facilities Development Corporation Incarnate Word Health Services Revenue Refunding Bonds Series 1985 (the 'Outstanding Bonds'); and WHEREAS, the Health Facilities Development Act, Chapter 221 of the Texas Health and Safety Code (hereinafter, together with any amendments, called the 'Act') provides for the creation by sponsoring entities 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 December 8, 1992 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 (the 'Series 1993 Bonds'); and WHEREAS, the Health Facilities Corporation may so act with respect 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 WHEREAS, the City of Paris, Texas, is a sponsoring entity within which the Hosp~al is located and has been requested to give its consent pursuant to the Act; and WHEREAS, the action of the Health Facilities Corporation with respect to the Hospital (including issuing bonds to refinance the Project by refunding the Outstanding Bonds) will create no liability for the City of Paris, Texas, or its residents and is in the best interests of the City of Paris, Texas, and its residents; Therefore INC483:52000:ST.JOS:RES _ cc _Po BEX 12/07/92;17 -1-