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CITY OF BATESVILLE,ARKANSAS p <br /> �Ir RESOLUTION NO. <br /> A RESOLUTION APPROVING THE ISSUANCE BY THE CITY OF <br /> BATESVILLE, ARKANSAS PUBLIC FACILITIES BOARD OF NOT TO <br /> EXCEED $15,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF CAPITAL <br /> IMPROVEMENT REVENUE BONDS (WHITE RIVER MEDICAL CENTER <br /> PROJECT). <br /> WHEREAS, a public hearing has been held before the City Council of the City of <br /> Batesville, Arkansas, on this date regarding the issuance of not to exceed $15,000,000 principal <br /> amount of revenue bonds by the City of Batesville, Arkansas Public Facilities Board following <br /> the publication of notice of public hearing in the Arkansas Democrat-Gazette, a newspaper of <br /> general circulation in the City, on October 27, 2003; and <br /> WHEREAS, the City Council of the City has determined that the public purposes for <br /> which the Bonds are to be issued serve a proper need; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br /> Batesville, Arkansas, that: <br /> Section 1. The issuance of Capital Improvement Revenue Bonds (White River Medical <br /> Center Project) by the City of Batesville, Arkansas Public Facilities Board in the principal <br /> amount not to exceed $15,000,000 for the purpose of acquiring, construction, and equipping <br /> capital improvements to White River Medical Center, 1710 Harrison Street, Batesville, AR <br /> 72501, consisting generally of a women's center, diagnostic equipment, and a paperless medical <br /> records system, all owned and operated by White River Health System, Inc. or its affiliates, is <br /> hereby authorized within the meaning of Section 147(f) of the Internal Revenue Code of 1986, as <br /> amended, and the Revenue Bond Act of 1987, Arkansas Code Annotated §§ 19-9-601 to -607 <br /> (1998 Repl.). <br /> Section 2. This Resolution is adopted solely for the purpose of complying with the <br /> provisions of the Internal Revenue Code and the Revenue Bond Act and that by the adoption of <br /> this Resolution, the City has not assumed any direct or indirect financial responsibility for the <br /> payment of the bonds. <br /> Section 3. This Resolution shall be in full force and effect from and after its adoption. <br /> Passed this 10th day of November, 2003. <br /> ATLT* oe M. Biard, Mayor Biard <br /> AT ST: <br /> Denise M. Johnston, Citf Clerk <br />