R-3241-8-14RESOLUTION NO. 324141-1
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, APPROVING THE FINANCING BY THE MESQUITE HEALTH
FACILITIES DEVELOPMENT CORPORATION OF A HEALTH FACILITY
LOCATED WITHIN THE CITY OF ALLEN, TEXAS; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the Health Facilities Development Act, Chapter 221, Texas Health and Safety Code (the "Act"),
authorizes and empowers Mesquite Health Facilities Development Corporation (the "Issuer") to issue revenue
bonds in a maximum aggregate principal amount of $34,000,000 (the "Bonds") on behalf of the City of
Mesquite, Texas (the `Issuing Unit"), to finance and refinance 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
of one or more 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, Christian Care Centers, Inc. (the "User"), a nonprofit Texas corporation, proposes to obtain
financing and refinancing from the Issuer from a portion of the proceeds of the Issuer's bonds issued pursuant
to the Act for the costs of a new retirement facility to be owned and operated by the User on approximately
5.2 acres of land located at the southwest corner of South Jupiter Road and Prestige Circle in Allen, Texas
(the "Project"); and,
' WHEREAS, the Project will consist of the construction and equipping of approximately 22 independent
living units, 64 assisted living units and related common areas; and,
WHEREAS, the Project will be located within the City of Allen, Texas (the "City") and outside the limits of
the Issuing Unit.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, 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(1) 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 become effective from and after its passage.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, ON THIS THE 26"r DAY OF AUGUST, 2014.
7OAPPVED:
' Stephen Terrell, MAYOR
ATTEST:
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Shelley B. Ge , TRMC, C SECRETARY