1985-094-RES RESOLUTION CONSENTING TO CAPITAL IMPROVEMENTS AT ST. JOSEPH'S HOSPITAL AND HEALTH
RESOLUTION NO. 85-094
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 SUCH IMPROVEMENTS
WHEREAS, St. Joseph's Hospital and Health Center (the
"Hospital"), situated in the City of Paris, Paris, Texas, is
owned and operated by St. Joseph's Hospital and Health
Center, a Texas non-profit corporation; and,
WHEREAS, St. Joseph's Hospital and Health Center has
previously financed certain capital improvements to the
Hospital, for the purpose of expanding said Hospital; and,
WHEREAS, the project was financed in part with the
proceeds of Paris Hospital Authority Hospital Revenue Bonds,
Series 1980 and 1983, St. Joseph's Hospital Project, the
"outstanding bonds"; and,
WHEREAS, the Health Facilities Development Act, Article
1528j, Vernon's Texas Civil Statutes, 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
October 23, 1985, 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; 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, Paris, Texas, is a
sponsoring entity within which the Hospital is located and
has been requested to give its consent pursuant to the Act;
and,
WHEREAS,
the
action
of
the
Health
FR~_i 1; r; ~Q
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PARIS, That:
1. Consent is hereby given for the Proj ect and the
issuance of bonds by the Health Facilities Corporation to
refinance the Project by refunding the Outstanding Bonds.
2. This consent shall continue in force and effect
from the date hereof.
Passed and adopted this 11th day of November, 1985.
~g~o,
ATTEST:
~~~~>""'~~~
att~e Cunn~ng am, ~ty C erk
APPROVED AS TO FORM:
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"A.<:~-~l: ayne, Hy Attorney