RESO 1999-26 - HMH Project ConsentRESOLUTION NO. 99 -26
RESOLUTION 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 $2,000,000 from GE Capital Public Finance, Inc. 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 $2,000,000 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 14th day of December, 1999.
ATTEST:
Danna Welter, City Secretary
Mayor