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<br /> 25. <br /> RESOLUTION 1996-2l9R <br /> RESOLUTION CONCERNIN"G 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 CENTRAL TEXAS MEDICAL CENTER <br /> LOCATED WITHIN THE BOUNDARIES OF ' <br /> - THE CITY OF SAN .MARCOS, 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, it has been proposed that the Issuer issue its limited obligation <br /> revenue bonds (the "Bonds") and loan the proceeds thereof to Central Texas Medical <br /> Center, Inc., a Texas non-profit corporation or an affiliate thereof (the "Borrower"), to- <br /> refinance certain outstanding obligations of the Borrower relating to a health facility- <br /> now known as the Central Texas Medical Center which is located at 1301 Wonder: <br /> World Drive, San Marcos, Texas, within the territorial limits of the City of San Marcos,. <br /> Texas (the "City"), which health care facility is a 109-bed acute care hospital facility, <br /> to reimburse the Borrower for the cost of acquiring, improving, remodeling, and <br /> equipping such health care facility, and to finance the cost of acquiring, improving, <br /> remodeling, and equipping such health care facility; <br /> WHEREAS, the City 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 /> I facility located outside the limits of Tarrant County, Texas and within the limits of the <br /> City requires the consent of the City Council 9f the City (the "City Council"); <br /> ¡ <br /> <br /> WHEREAS, the Bonds are payable from revenues to be paid by the Borrower <br /> and are not payable from taxes by any jurisdiction, including Tarrant County, Texas <br /> or the City; <br /> WHEREAS, it is deemed necessary and advisable that this Resolution be <br /> adopted; <br /> J- . <br /> THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> SAN MARCOS, TEXAS THAT: <br /> Section 1: This Resolution is adopted for the purpose of satisfying the <br /> conditions and requirements of Section 221.030 of the Act. <br /> 0222257 -1- <br />