R-06-11-09-11D4 - 11/9/2006RESOLUTION NO. R -06-11-09-11D4
WHEREAS,Scott and White Memorial Hospital and Scott, Sherwood and
Brindley Foundation, or one of its affiliates (the "Hospital"), intends
to construct, operate and own an acute care hospital (the "Facility"),
to be located at 300 University Boulevard, Round Rock, Texas (the
"City"); and
WHEREAS, the Hospital wishes to finance the acquisition,
construction and equipping of the Facility with the proceeds of tax-
exempt bonds (the "Series 2006 Bonds") to be issued by Bell County
Health Facilities Development Corporation (the "Bell County HFDC"),
established by Bell County, Texas (the "Sponsoring Entity"); and
WHEREAS, the Health Facilities Development Act, Chapter 221,
Texas Health and Safety Code, as amended (the "Act"), requires that the
governing body of a governmental unit give consent to the acquisition,
construction and equipping of health facilities, such as the Facility,
if such health facilities are financed with the proceeds of bonds
issued by a health facilities development corporation created by and
acting on behalf of a governmental entity outside the territorial
limits of the jurisdiction where the health facilities are to be
located; and
WHEREAS, the Hospital has requested that the City give its
consent to the acquisition, construction and equipping of the Facility
to be financed with the proceeds of the Series 2006 Bonds issued by
Bell County HFDC; and
WHEREAS, the City Council of the City has determined to consent
to the acquisition, construction and equipping of the Facility to be
financed with the proceeds of the Series 2006 Bonds; and
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WHEREAS, the issuance of the Series 2006 Bonds by Bell County
HFDC, the use of the proceeds of the Series 2006 Bonds to acquire,
construct and equip the Facility and the consent of the City thereto
will create no liability for the City or its residents and is in the
best interests of the City and its residents and is in furtherance of
the public purposes of the Act; and
WHEREAS,consent of the City to the use of proceeds of the Series
2006 Bonds with respect to the Facility does not in any manner obligate
the City with respect to the payment of bonds nor does such consent in
any manner indicate approval or waiver of any regulatory requirements
of the City related but not limited to zoning, site planning or any
other matter over which the City would normally exercise control; and
WHEREAS,it is found and determined that the meeting at which this
Resolution has been considered has been open to the public at all times
during which this Resolution has been considered, written notice of
such meeting having been given of the subject, time, place and date of
such meeting, and the subject matter of this Resolution has been
discussed, considered and formally acted upon, all as required by the
Open Meetings Act, Chapter 551, Texas Government Code, as amended, and
the Act;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ROUND ROCK, TEXAS, THAT:
Section 1. Findings. The findings and determinations set
forth in the preambles hereto are herein incorporated as if such
findings and determinations were repeated herein in full.
Section 2. Consent. Consent is hereby given for the use of
the proceeds of the Series 2006 Bonds, issued by Bell County HFDC, in
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connection with the acquisition, construction and equipping of the
Facility.
Section 3. Effective Date. This Resolution shall be effective
immediately upon its adoption.
The City Council hereby finds and declares that written notice of
the date, hour, place and subject of the meeting at which this
Resolution was adopted was posted and that such meeting was open to the
public as required by law at all times during which this Resolution and
the subject matter hereof were discussed, considered and formally acted
upon, all as required by the Open Meetings Act, Chapter 551, Texas
Government Code, as amended.
RESOLVED this 9th day of November, 2006.
1#/4r
L, Mayor
City of Round Rock, Texas
T ST:,
•
CHRISTINE R. MARTINEZ, City Secr=nary
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DATE: November 2, 2006
SUBJECT: City Council Meeting - November 9, 2006
ITEM: 11.D.4. Consider a resolution consenting to the financing of the
acquisition, construction and equipping of the Scott and White
Memorial Hospital through the issuance of tax-exempt bonds
issued by Bell County Health Facilities Development
Corporation.
Department: Administration
Staff Person: Jim Nuse, City Manager
Justification:
The hospital wishes to finance the acquisition, construction and equipping of the Facility with
the proceeds of tax-exempt bonds to be issued by Bell County Health Facilities Development
Corporation. The Health Facilities Development Act, Chapter 221 Texas Health and Safety
Code requires that the governing body of a governmental unit give consent to the
acquisition, construction and equipping of health facilities, if such health facilities are
financed with the proceeds of bonds issued by a health facilities development corporation
created by and acting on behalf of a governmental entity outside the territorial limits of the
jurisdiction where the health facilities are located.
Funding:
Cost:
Source of funds: There will not be any financial liability to the City of Round Rock.
Outside Resources: Vinson & Elkins represents the Scott and White Hospital.
Background Information: N/A
Public Comment: N/A