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<br /> , -' Jv£ <br /> - <br /> RESOLUTION CONCERNING THE USE OF THE <br /> PROCEEDS OF REVENUE BONDS ISSUED <br /> BY THE TARRANT COUNTY HEALTH FACILITIES <br /> DEVELOPMENT CORPORATION TO REFINANCE CERTAIN OUTSTANDING <br /> OBLIGATIONS, TO REIMBURSE CERTAIN COSTS, AND . <br /> TO FINANCE CERTAIN COSTS RELATING <br /> TO A HEALTH FACILITY KNOWN AS HAYS NURSING CENTER <br /> LOCATED WITHIN THE BOUNDARIES OF <br /> THE COUNTY OF HAYS, TEXAS <br /> WHEREAS, the Tarrant County Health Facilities Development Corporation (the <br /> "Issuer") was created by Tarrant County, Texas pursuant to the provisions of the <br /> Health Facilities Development Act, Chapter 221, Texas Health and Safety Code (the <br /> "Act"); <br /> WHEREAS, AdventistlHealth Care Centers, a Florida non-profit corporation <br /> ("AdventistlHealth Care Centers") owns the Hays Nursing Center, a Texas non-profit <br /> corporation (the "Nursing Center") and would like to refinance certain currently <br /> outstanding debt originally issued for the benefit of the Nursing.Center with tax- <br /> exempt bonds (the "Bonds") secured by FHA mortgage insurance and GNMA securities <br /> in a total amount not to exceed $4.2 million; <br /> WHEREAS, AdventistlHealth Care Centers is affiliated with Adventist Health <br /> System/Sunbelt, Inc. ("Adventist Health System"), a Florida not-for-profit corporation; <br /> WHEREAS, it has been proposed that the refinancing of the debt for the Nursing <br /> Center be accomplished in conjunction with the refinancing of debt for the Hugely <br /> - Nursing Center in Tarrant County, Texas, which is also affiliated with Adventist <br /> ; Health System, through the issuance of bonds by the Issuer; <br /> , <br /> , <br /> WHEREAS, the County is a "sponsoring entity" within the meaning of the Act; <br /> WHEREAS, under the Act, use of the proceeds of the Bonds to refinance <br /> outstanding obligations, to reimburse costs, and to finance costs relating to a health <br /> facility located outside the limits of Tarrant County, Texas and within the limits of <br /> Hays County, Texas (the "County") requires the consent of the County Commissioners <br /> Court of the County (the "Commissioners Court"); <br /> WHEREAS, pursuant to section 147(D of the Internal Revenue Code of 1986, as <br /> amended (the "Code"), the Issuer has conducted a public hearing (the "Hearing") in the <br /> County following reasonable public notice with respect to the Bonds and the project . <br /> described above and has presented to the Commissioners Court a summary of the <br /> proceedings from the Hearing; <br /> 0216141 -1- <br />