HomeMy WebLinkAbout021349 RES - 03/24/1992RESOLUTION CONCERNING THE USE OF THE
PROCEEDS OF REVENUE BONDS ISSUED
BY THE CITY OF SAN ANTONIO HEALTH FACILITIES
DEVELOPMENT CORPORATION TO
ESTABLISH A REHABILITATION FACILITY
LOCATED WITHIN THE BOUNDARIES
OF THE CITY OF CORPUS CHRISTI, TEXAS
WHEREAS, the City of San Antonio Health Facilities Development Corporation
(the "Issuer") was created by the City Council of the City of San Antonio, Texas
pursuant to the provisions of the Health Facilities Development Act, Chapter 221,
Texas Health and Safety Code (the "Act");
WHEREAS, it has been proposed that the Issuer issue its limited obligation
revenue bonds (the "Bonds") and loan the proceeds thereof to Warm Springs
Rehabilitation Foundation, Inc., a Texas non-profit corporation (the "Borrower"), to
establish a rehabilitation facility located within the territorial limits of the City of
Corpus Christi (the "City"), Texas;
WHEREAS, the City is a "sponsoring entity" within the meaning of the Act;
WHEREAS, under the Act, use of the proceeds of the Bonds to establish a health
facility located outside the limits of Bexar County, Texas but within the limits of the
City requires the consent of the City Council of the City (the "City Council");
WHEREAS, it is deemed necessary and advisable that this Resolution be
adopted;
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS THAT:
Section 1. This Resolution is adopted for the purpose of satisfying the
conditions and requirements of Section 221.030 of the Act.
Section 2. The City acting by and through this City Council hereby consents,
within the meaning of Section 221.030 of the Act, to the issuance of the Bonds by the
Issuer, and for the use of the proceeds of the Bonds to finance the establishment of a
rehabilitation facility located within the boundaries of the City.
Section 3. The Mayor and City Secretary of the City and each member of the
City Council are hereby authorized, jointly and severally, to execute and deliver such
endorsements, instruments, certificates, documents, or papers necessary and advisable
to carry out the intent and purposes of this Resolution.
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Section 4. This Resolution shall take effect immediately from and after its
adoption.
PASSED AND APPROVED KM -r h 2c( , 1992.
ATTEST:
City Secretary
CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS
P'PYOR
T?E CITY OF CORPUS CHRISTI
APPROVED: / DAY CF / 4 �(� , 1992
JAMES R. BRAY, JR., CITY ATTORNEY
Cit
ttorney
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Corpus Christi, Texas
day of U0./1 C
19 7)i
The above resolution was passed by the following vote:
Mary Rhodes
Cezar Galindo
Leo Guerrero
Betty Jean Longoria
Edward A. Martin
Joe McComb
Dr. David McNichols
Clif Moss
Mary Pat Slavik
066
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