HomeMy WebLinkAboutRES 090809-F - Approve Finance HFCD'Pet)* o1_
RESOLUTION APPROVING THE FINANCING BY THE
HFDC OF CENTRAL TEXAS, INC.
OF HEALTH FACILITIES LOCATED WITHIN
THE CITY OF GEORGETOWN, TEXAS
FOR WESLEYAN HOMES, INC.
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 and notes
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 furtherance 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 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, Wesleyan Homes, Inc. (the "Borrower") a Texas nonprofit corporation, proposes to
obtain financing and refinancing from the Issuer from the proceeds of the Issuer s notes in a maximum principal
amount of $27,000,000 issued pursuant to the Act for the costs of certain health facilities; to wit (a) refinance
certain bonds issued by Georgetown Health Facilities Development Corporation for the benefit of the Borrower
the proceeds of which were used to finance and refinance the (i) expansion, renovation and equipping of
retirement facilities located at 2001 Scenic Drive Georgetown, Texas and (ii) construction and equipping of
an independent living facility with 124 units and related common areas located on 40 acres of land at 139
Estrella Crossing, Georgetown, Texas 78628 and (b) finance the construction and equipping of a 60-unit
assisted living facility to be located at 139 Estrella Crossing, Georgetown, Texas 78628 (collectively, the
"Project' ). The Project will be owned and operated by Wesleyan Homes, Inc and its affiliates and
WHEREAS, the Project will be located within the City of Georgetown, Texas (the "City") and outside
the limits of the Issuing Unit;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF GEORGETOWN,
TEXAS THAT:
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 Bonds and the Project for the purposes of Section 147(f) 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 andit is
accordingly so ordered.
PASSED AND APPROVED, this the 9th day of September, 2009.
Mayor
CERTIFICATE FOR RESOLUTION NO. 09
THE STATE OF TEXAS
COUNTY OF WILLIAMSON
CITY OF GEORGETOWN
follows:
F
We, the undersigned officers of the City of Georgetown, Texas, (the "City") hereby certify as
1. The City Council of the City convened in REGULAR MEETING ON THE 9 DAY OF
SFPTEMBER, 2009, at the designated meeting place (the "Meeting') and the roll was called of the duly
constituted officers and members of the Board, to wit:
George Garver, Mayor
Pat Berryman, May Pro Tem, Councilmember District 5
Gabe Sansing, Councilmember District 2
Patty Eason, Councilmember District 1
Keith Brainard, Councilmember District 3
Bill Sather, Councilmember District 4
Dale Ross, Councilmember District 6
Ben Oliver, Councilmember District 7
and all of said persons were present, except the following absentees. ry n , thus constituting
a quorum. Whereupon, among other business, the following was transacted at the Meeting: a written
RESOLUTION APPROVING THE FINANCING BY THE
HFDC OF CENTRAL TEXAS, INC
OF HEALTH FACILITIES LOCATED WITHIN
THE CITY OF GEORGETOWN, TEXAS
FOR WESLEYAN HOMES, INC.
was duly introduced for the consideration of the City. It was then duly moved and seconded that the
Resolution be passed; and after due discussion the motion, carrying with it the passage of the Resolution,
prevailed and carried by the following vote:
AYES: NOES:
2. A true, full and correct copy of the aforesaid Resolution passed at the Meeting described in the
above and foregoing paragraph is attached to and follows this Certificate; that the Resolution has been duly
recorded in the City's minutes of the Meeting; that the above and foregoing paragraph is a true, full and
correct excerpt from the City's minutes of the Meeting pertaining to the passage of the Resolution; that the
persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and
members of the City Council as indicated therein; that each of the officers and members of the City Council
was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of
the aforesaid Meeting, and that the Resolution would be introduced and considered for passage at the
Meeting and each of the officers and members consented in advance, to the holding of the Meeting for
such purpose; that the Meeting was open to the public and public notice of the time, place and purpose of
the Meeting was given, all as required by Chapter 551, Government Code, as amended
GTOWN\WelayenHomes\2009: ResolutionCert
SIGNED AND SEALED this
(SEAL)
GTOWN\We!ayenHomes\2009: ResolutionCert
2