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RESO 2001-03 - HMH Project ConsentRESOLUTION GIVING CONSENT TO A PROJECT FOR HUNTSVILLE MEMORIAL HOSPITAL WHEREAS, the Health Facilities Development Act, Chapter 221, Texas Health and Safety Code, as amended (the "Act"), authorizes and empowers Bell County Health Facilities Development Corporation (the "Issuer") on behalf of Bell County, Texas (the "Issuing Unit"), to acquire, by lease, 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 furtherance of the public purposes of the Act; and WHEREAS, Section 221.030(a)(1) of the Act provides that the Issuer may provide for the financing and refinancing of one or more such health facilities located outside the limits of the Issuing Unit with the consent of every city, county and hospital district within which such health facility is or is to be located; and WHEREAS, the Issuer will lease certain hospital equipment (the "Project") in a maximum principal amount of $1,000,000 from General Electric Capital Corporation and will sublease the Project to Huntsville Memorial Hospital (the "Hospital"); and WHEREAS, the Project will be located at the Hospital's facilities within the City of Huntsville, Texas (the "City") at 3000 Interstate 45 in Huntsville, Texas and is located outside the limits of the Issuing Unit; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF HUNTSVILLE, TEXAS THAT: Section 1. The City hereby consents to the leasing and subleasing by the Issuer of the Project as provided by Section 221.030(a)(1) of the Act and approves the financing in a maximum principal amount of $1,000,000 as required by Section 147(f) of the Internal Revenue Code of 1986; provided that the City shall have no liability in connection with the leasing and subleasing 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. PASSED AND APPROVED, this Mayor