1984-055 - Watershed Plan Agreement for Pine Creek Watershed

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RESOLUTION No.84 -054 WHEREAS, the health and general welfare of the inhabitants of this City (hereinafter referred to as "Sponsoring Entity ") require the acquisition and financing of certain health facilities, specifically including the purchase of equipment, personal and real property, to provide health care to the increasing populus of this Sponsoring Entity, to replace obsolete hospital equipment, to expand, and to make use of advances in medical technology; WHEREAS, it is in the best interest of the inhabitants of this Sponsoring Entity that such hospital equipment and real property be acquired and financed at the least possible cost as to minimize the cost of health care to such inhabitants; WHEREAS, the Texas Health Facilities Development Act, Article 1528j, Vernon's Texas Civil Statutes (hereinafter referred to as the "Act"),, authorizes the issuance of bonds by a health facilities development corporation created in accordance with the Act to provide health facilities (as defined in the Act), located within this State and, if such health facility is located outside the limits of the governmental entity on behalf of which the corporation issuing such bonds was created, with the consent of every city, county, and hospital district within which such health facility is or is to be located; WHEREAS, the Texas Health Facilities Development Corporation (hereinafter referred to as the "Corporation ") has initiated a program of financing under the Act for certain hospital equipment, real and personal property, acquired or to be acquired by hospitals located both inside and outside of Tarrant County Hospital District, Tarrant County, Texas, and the financing of hospital equipment, real and personal property for various hospitals through the issuance of a single issue of bonds as anticipated to reduce the costs of financing to each participating hospital and to minimize the cost of health care to the patients of such hospital, including the inhabitants of this Sponsoring Entity; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS: 1. That this Sponsoring Entity does hereby request and authorize the Corporation to act on its behalf in connection with, and in accordance with Section 4.01(1) of the Act does hereby consent to, the providing of hospital equipment, personal and real property acquired or to be acquired by St. Joseph's Hospital, Inc. which hospital is located within the territorial limits of this Sponsoring Entity, by the Corporation through the issuance of its bonds and the loan of their proceeds to said hospital for such purpose. 2. That all orders, ordinances and resolutions and parts thereof adopted by Paris, Texas in conflict herewith are hereby expressly repealed to the extent of any such conflict. 3. That the City of Paris, Texas, by and through the City Council of Paris, Texas, does not by approving this 1