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<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 County;
<br /> WHEREAS, it is deemed necessary and advisable that this Resolution be
<br /> adopted;
<br /> THEREFORE, BE IT RESOLVED BY THE COMMISSIONERS COURT OF
<br /> - HAYS COUNTY, TEXAS THAT:
<br /> Section 1: This Resolution is adopted for the purpose of satisfying the conditions
<br /> and requirements of Section 221.030 of the Act and section 147 (f) of the Code and the
<br /> regulations promulgated thereunder.
<br /> Section 2: The County of Hays, Texas, acting by and through its Commissioners
<br /> Court, officially finds, determines, and declares that it is in the public interest and to
<br /> the benefit of the residents of the County and the citizens of the State of Texas that the
<br /> Issuer issue its limited obligation revenue bonds (the "Bonds") and loan the proceeds
<br /> thereof to the Borrower to refinance certain outstanding obligations of the Borrower
<br /> relating to a health facility now known as the Central Texas Medical Center which is
<br /> located at 1301 Wonder World Drive, San Marcos, Hays County, Texas 78666, which
<br /> health care facility is a 109-bed acute care hospital facility, to reimburse the Borrower
<br /> for the cost of acquiring, improving, remodeling, and equipping such health care facility,
<br /> and to finance the cost of acquiring, improving, remodeling, and equipping such health
<br /> care facility, which financing is hereby found to be required, necessary, and convenient
<br /> for health care, research, and education within this State.
<br /> Section 3: The County of Hays, Texas acting by and through its Commissioners
<br /> Court, hereby consents to the issuance of the Bonds by the Issuer, upon such terms as
<br /> the Issuer deems appropriate and approves.
<br /> Section 4: The Commissioners Court ofthe County hereby authorizes the receipt
<br /> and acceptance of the summary of the proceedings from the Hearing and hereby
<br /> approves the Bonds, which are to be issued
<br /> A. in the maximum aggregate principal amount not to exceed
<br /> $250,000,000, and
<br /> B. to, among other things, refinance certain outstanding obligations
<br /> of the Borrower relating to a health care facility, loca~ed in the
<br /> County of Hays, Texas and now known as the Central Texas
<br /> Medical Center located at 1301 Wonder World Drive, San Marcos,
<br /> Texas 78666, which health care facility is a 109-bed acute care
<br /> hospital facility, to reimburse the Borrower for the cost of
<br /> acquiring, improving, remodeling, and equipping such health care
<br /> facility, to finance the cost of acquiring, improving, remodeling, and
<br /> equipping such health care facility and to pay a portion of the cost
<br /> of issuance of the Bonds;
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