HomeMy WebLinkAbout023851 RES - 11/30/1999RESOLUTION
GIVING PERMISSION TO TARRANT COUNTY HEALTH
FACILITIES DEVELOPMENT CORPORATION FOR THE ISSUANCE
OF BONDS, THE PROCEEDS OF WHICH WILL BE USED TO
FINANCE THE COST OF HEALTH FACILITIES WITHIN THE CITY
OF CORPUS CHRISTI, TEXAS.
WHEREAS, the City of Corpus Christi, Texas, is a "Sponsoring Entity" as defined in the
Health Facilities Development Act, Title IV, Subtitle A, Chapter 221 of the Texas Health and Safety
Code, as amended (the "Act"); and
WHEREAS, Century Nursing Centers - GEAC, LLC, a limited liability company ("GEAC
LLC"), the sole member of which is Governmental and Educational Assistance Corporation, a
corporation described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the
"Code"), intends to acquire, construct, equip and/or improve health facilities as described in the Act
(the "Property") as follows:
(i)
nursing home known as Eastview Nursing Center, with approximately 120 beds,
located at 2902 Highway 31 East, Tyler, Texas 75702;
(ii) nursing home known as Ebony Lake Health Care Center, with approximately 122
beds, located at 1001 Central Boulevard, Brownsville, Texas 77014;
(iii) nursing home known as Fort Stockton Nursing Center, with approximately 120 beds,
located at 501 North Sycamore Street, Fort Stockton, Texas 79735;
(iv) nursing home known as Granbury Villa Nursing Center, with approximately 96 beds,
located at 2124 Paluxy Highway, Granbury, Texas 76048;
(v) nursing home known as Lynnhaven Nursing Center, with approximately 183 beds,
located at 3030 Fig Street, Corpus Christi, Texas 78404;
(vi) nursing home known as Mission Oaks Nursing Center, with approximately 150 beds,
located at 3030 South Roosevelt, San Antonio, Texas 78214;
(vii) nursing home known as Tomball Nursing Center, with approximately 122 beds,
located at 815 North Peach Street, Tomball, Texas 77375;
(viii) nursing home known as Whispering Oaks Nursing Center, with approximately 98
beds, located at 105 Hospital Drive, Cuero, Texas 77954.
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023851
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WHEREAS, GEAC LLC has requested the Tarrant County Health Facilities Development
Corporation (the "Corporation"), a health facilities development corporation created under the Act
to issue bonds and to loan to GEAC LLC the proceeds of such bonds for the purposes described
above; and
WHEREAS, the Property shall be "health facilities" as defined in the Act; and
WHEREAS, pursuant to Section 221.030 of the Act, the Corporation has authority to
acquire or cause a user to acquire, construct or improve one or more health facilities located outside
the limits of the Corporation's Sponsoring Entity with the consent of each other Sponsoring Entity
in which the health facilities is or is to be located; and
WHEREAS, the City Council of Corpus Christi, Texas, as a Sponsoring Entity in which
the health facilities described above are to be acquired, constructed, and/or improved GEAC LLC
with proceeds from the issuance of bonds by the Corporation, deems it necessary and convenient to
give permission to the Corporation for the use of proceeds of such bonds for the purposes
hereinbefore described.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS, THAT:
SECTION 1. Consent is given to the Corporation for the use of all or a portion of the
proceeds of bonds issued in one or more series by the Corporation to be loaned GEAC LLC or any
affiliation thereof to be used to acquire, construct, equip or improve the Property, specifically
Lynnhaven Nursing Center located at Corpus Christi, Texas 78404.
SECTION 2. This City Council finds, determines and declares that the use of proceeds of
bonds as described herein is in the public interest and to benefit of the citizens of the City of Corpus
Christi, Texas, and the citizens of the State of Texas, and is required, necessary or convenient for
health care, research and education within the State.
SECTION 3. This Resolution is given solely for the purposes of compliance with Section
221.030 of the Act and for no other purpose, and such bonds shall in no way be an obligation or
liability of the City of Corpus Christi, Texas, or any other political subdivision.
SECTION 4. This approval shall take effect immediately.
91R80500-915
ATTEST:
Armando Chapa
City Secretary
APPROVED THIS THE 3 `f DAY OF
James R. Bray, Jr., City Attorney
91RB0500.91 5
Samuel L. Neal, Jr.
Mayor, The City of Corpus risti
J
Corpus Christi, Texas
day of 1999
The above resolution was passed by the following vote:
Samuel L. Neal, Jr.
Javier D. Colmenero
Melody Cooper
Henry Garrett
Dr. Arnold Gonzales
Rex A. Kinnison
Betty Jean Longoria
John Longoria
Mark Scott
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