HomeMy WebLinkAbout025860 RES - 07/27/2004RESOLUTION
APPROVING THE FINANCING BY THE HFDC OF CENTRAL TEXAS, INC. OF
A HEALTH FACILITY LOCATED WITHIN THE CITY OF CORPUS CHRISTI,
TEXAS
WHEREAS, the Health Facilities Development Act, Chapter 221, Texas Health and
Safety Code (the "Act"), authorizes and empowers HFDC of Central Texas, Inc. (the "Issuer") to
issue revenue bonds on behalf of the City of Hubbard, Texas (the "Issuing Unit") to finance and
refinance the costs of health facilities found by the Board of Directors of the Issuer to be
required, necessary or convenient for health care, research and education, any one or more,
within the State of Texas and in fudherance of the public purposes of the Act; and
WHEREAS, Section 221.030 of the Act provides that the Issuer may provide for the
financing or refinancing of one or more health facilities located outside the limits of the Issuing
Unit with the consent of each city, county or hospital district within which such health facility is
or is to be located; and
WHEREAS, Lutheran Social Services of the South, Inc. (the "User"), a nonprofit Texas
corporation, proposes to obtain financing and refinancing from the Issuer from a portion of the
proceeds of the Issuer's bonds issued pursuant to the Act for the costs of certain health
facilities consisting of a 60 bed juvenile residential treatment center owned and operated by the
User and known as the Bokencamp Children's Treatment Center located at 5517 South
Alameda, Corpus Christi, Texas 78412 (the "Project"); and
WHEREAS, the Project will be located within the City of Corpus Christi, Texas (the
"City") and outside the limits of the Issuing Unit;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CORPUS
CHRISTI, TEXAS:
Section 1 The City hereby consents to the financing by the Issuer of the Project for the
purposes of Section 221.030 of the Act and approves the financing for the purposes of Section
147(0 of the Internal Revenue Code of 1986; provided that the City shall have no liability in
connection with the financing of the Project and shall not be required to take any further action
with respect thereto.
Section 2. This Resolution shall take effect immediately from and after its adoption and
it is accordingly so ordered.
City Secretary
THE CITY OF CORPUS CHRISTI
Mayor
Page 2 of 2
Corpus Christi, Texas
The above resolution was passed by the following vote:
Samuel L. Neal,
Brent Chesney
Javier D. Colmenero
Melody Cooper
Henry Garrett
Rex A. Kinnison
Jesse Noyola
Mark Scott