HomeMy WebLinkAboutRES 961210-M - Health Facilities Dev CorpRes.
RESOLUTION AUTHORIZING AND APPROVING THE CREATION
OF A HEALTH FACILITIES DEVELOPMENT CORPORATION ON BEHALF
OF THE CITY OF GEORGETOWN, TEXAS; APPROVING
ARTICLES OF INCORPORATION AND APPROVING BYLAWS
WHEREAS, the City of Georgetown, Texas (the "Sponsoring Entity") is a duly created
municipal corporation and political subdivision of the State of Texas created and established under
the Constitution and laws of the State of Texas.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS:
Section 1. That, the governing body of the Sponsoring Entity has found and determined, and
hereby finds and determines, that it is in the public interest and to the benefit of its residents and the
citizens of this state that a health facilities development corporation be created to promote and
develop new, expanded, or improved health facilities in order to assist the maintenance of the public
health and public welfare, with such health facilities development corporation to be known as the
"Georgetown Health Facilities Development Corporation."
Section 2. That, the governing body of the Sponsoring Entity hereby approves the
Articles of Incorporation and the Bylaws proposed to be used in organizing the health facilities
development corporation, which are attached to this Resolution and made a part hereof for all
purposes, and the initial directors named in said Articles of Incorporation shall be deemed to have
been appointed, and are hereby appointed, as the initial directors by the governing body of the
Sponsoring Entity.
Section 3. That, the public purpose of the Sponsoring Entity which the health facilities
development corporation may further on behalf of the Sponsoring Entity is the acquiring,
constructing, providing, improving, financing, and refinancing of health facilities in order to assist the
maintenance of the public health pursuant to the Health Facilities Development Act.
Section 4. That, the City Council hereby finds that this Resolution implements Finance
Policy 4 of the Century Plan - Policy Plan Element, which states: "The City shall develop a strategy
to provide sufficient financial resources, for both short term and long term needs", and Economic
Development Policy which states "The City will encourage diversified growth and promote business
opportunities to create jobs, broaden the tax base, and minimize the impact of economic fluctuation";
and further finds that the enactment of this Resolution is not inconsistent or in conflict with any other
Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Policy Plan.
RESOLVED this /0 day of )1996.
Approved:
Leo Wood, Mayor
Ap roved as to form:
l
Marianne Landers Banks, City Attorney
Att 1t:
&a*dfe , City! Secretary
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