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HomeMy WebLinkAbout1982-07-07-1000AM-Specialji Ci ~i• -0 COMMISSIONERS' COURT SPECIAL MEETING JULY 7, 1982 0. ' A special meeting of the Commissioners' Court of Brazos County, Texas, was held in the Commissioners' Courtroom in the ,f Courthouse in Bryan, Brazos County, Texas, beginning at 10:00 AM. on Wednesday, July 7, 1982, with the following members of the Court present: R. J. Holmgreen, County Judge Bill J. Cooley, Commissioner, Precinct 1 Walter Wilcox, Commissioner, Precinct-2 Billy Beard, Commissioner, Precinct 3 Frank Bbriskie, County Clerk The following citizens and officials were in attendance: Van Kinerd, Auditor John Larffler, Mustang Tractor & Equipment Company A. L. Chalker, Mustang Tractor & Equipment Company Richard G. Morgan, M.D., Bryan Nephrology Center John C. Webb, Jr., Attorney for Bryan Nephrology Center Larry G. Holt, Attorney for Southwest Computer Diagnostics Rob Sprouse, KTAM-KORA Radio Will S. Thornton, Attorney The County Judge opened the meeting and announced that the Board of Directors of the Brazos County Health Facilities Develop- ment Corporation had this date adopted the following Resolutions: Resolution that the proposed facilities of SOUTHWEST COMPUTER DIAGNOSTICS is a Health Facility within the meaning of the Health Facilities Development Act; finding that the financing of the Facilties through the issuance of bonds is in furtherance of the public purpose of the Act; authorizing that certain infor- mation relating to the Facilities be filed with the Commissioners' Court of Brazos County, Texas. Resolution determining that the proposed Facilities of the BRYAN NEPHROLOGY CENTER JOINT VENTURE/HEALTH SYSTEMS INTERNATIONAL OF BRYAN, INC. is a Health Facility within the meaning'of the Health Facilities Development Act; finding that the financing of the Facilities through the issuance of bonds is in fur- therance of the public purpose of the Act; and authorizing that certain information relating to the Facilities be filed with the Commissioners'-Court of Brazos County, Texas. The County Judge laid before the Court executed copies of the above Resolutions and requested that they be filed with the Commissioners' Court and that the County Clerk be authorized to VGL.LPAGE r ' 11 ~i R i' S +t post copies of such Resolutions and Public Submission Statements in a public place in the Courthouse for public inspection for a ; period of fourteen days, all in accordance with the Health Fac- ilities Act. On motion by Commissioner Beard., seconded by Commissioner Wilcox, the Court voted unanimously to accept the RESOLUTIONS OF THE BRAZOS COUNTY HEALTH FACILITIES DEVELOPMENT CORPORATION per- taining to SOUTHWEST COMPUTER DIAGNOSTICS and BRYAN ENPHROLOGY CENTER JOINT VENTURE/HEALTH SYSTEMS INTERNATIONAL OF BRYAN, INC., and ordered that such Resolutions be filed with the Commissioners' Court and duly recorded in the Minutes of the Commissioners' Court and that copies of such Resolutions be submitted to the County Clerk for posting in a public place for a period of fourteen days, all action pursuant to the Health Facilities Act. Copies of such Resolutions are attached to and made a part of these minutes. The next matter to come before the Court was the considera- tion of a Resolution Approving Agreement by Brazos County Indust- rial Development Corporation to issue Bonds for Eureka Investment Company. The County Judge advised the Court that the Board of Directors of the Brazos County Industrial Development Corporation had adopted a Resolution Concering Issuance of Bonds to finance a project for Eureka Investment Company on May 24, 1982 in the amount.of $1,500,000. On motion by Commissioner Beard, seconded by Commissioner Wilcox the Court voted unanimously to adopt the RESOLUTION APPROVING AGREEMENT BY BRAZOS COUNTY INDUSTRIAL DEVELO- MENT CORPORATION TO ISSUE BONDS FOR EUREKA INVESTMENT COMPANY. A copy of such Resolution is attached to and made a part of these minutes. There being no further business the Court adjourned. ~I ~I k I VO WAGE Il,, I, 4 ' v r ? f The-foregoing minutes have been examined and approved in f open Court this the day of t ' 192, in Bryan, Brazos County, Texas. A o mgre Cou ty Judge X- • COmmi tone0or,eyPre nct 1 10 a Ater4cox Commissioner, Precinct 2 OCommy ear n er, qct tasny ran Bor Commissioner, Pr cinct 4 County Clerk 6~ i~ i 1` e 4 .}i 1 1 I/ eX• V r f i .I , N • a~~ , { EE ,1 r ~h E~ f r f I. `r 1 r , A RESOLUTION DETERMINING THAT THE PROPOSED FACILITIES OF THE BRYAN NEPHROLOGY CENTER JOINT VENTURE/HEALTH SYS- TEMS INTERNATIONAL OF BRYAN, INC. IS A HEALTH FACIL- ITY WITHIN THE MEANING OF THE HEALTH FACILITIES DEVELOPMENT ACT; FINDING THAT THE FINANCING OF THE FACILITIES THROUGH THE ISSUANCE OF BONDS IS IN FUR- THERANCE OF THE PUBLIC PURPOSE OF THE ACT; AND AUTHORIZING THAT CERTAIN INFORMATION RELATING TO THE FACILITIES BE FILED WITH THE COMMISSIONERS COURT OF BRAZOS COUNTY, TEXAS WHEREAS, pursuant to the Health Facilities Development Act (the "Act"), this non-profit corporation (the "Issuer"), has been duly created and is authorized to issue its revenue bonds to finance the costs of any "health facility," as defined by the Act; and WHEREAS, Bryan Nephrology Center Joint Venture (the "Partnership"), a Texas joint venture, and Health Systems International of Bryan, Inc. (the "Company"), a Texas corporation, have made application to the Issuer to finance the acquisition of certain medical equipment and office facilities (the "Facil- ities") through the issuance of revenue bonds; and WHEREAS, the Partnership and the Company represent that the acqui- sition of the "Facilities" is required, necessary or convenient for providing health care within Brazos County, Texas (the "Sponsoring Entity") and the State of Texas (the "State") and that the financing of the Facilities through the issuance by the Issuer of its revenue bonds is in furtherance of the public purpose of the promotion and development of new and expanded health facilities to improve the adequacy, cost and accessibility of health care; and WHEREAS, the Issuer proposes to issue its revenue bonds entitled "Brazos County Health Facilities Development Health Facilities Development Corpor- ation Revenue Bonds (Bryan Nephrology Center Joint Venture/Health Systems International of Bryan, Inc. Project) Series 1982" (the "Bonds") in the aggregate amount of $ fS o60► to finance the Facilities; and WHEREAS, the Partnership -and the Company represent that the "Public Submission Statement" attached hereto as Exhibit A contains the name of the proposed user of the Facilities, a full and complete description of the Facilities to be financed from the proceeds of the Bonds, an explanation of the projected costs thereof and the necessity therefor; NOW, THERFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF BRAZOS COUNTY HEALTH FACILITIES DEVELOPMENT CORPORATION as follows, to-wit: Section 1. This Board of Directors, acting on behalf of the Issuer, based upon representations made by the Partnership and the Company, hereby finds, determines and declares, but solely for its own purposes in performing its duties under the Act, that: V0L, C.PAGEI f E "'War.M ..,L",T.X7L.'ar;r-f.r..'~,'Yf~~i,•_ ~ip.~ian..af i .I u F ' V F t + (a) The Facilities constitute a "health facility" as defined in the ' t Act; j (b) The acquisition, construction and equipping of the Facilities will expand and improve the health care available to the citizens of the Sponsoring Entity and the State; and (c) The financing of the Facilities through the issuance of the Bonds is in furtherance of the public purpose of the promotion and development of new and expanded health facilities to improve the adequacy, cost and accessibility of health care in the Sponsoring Entity and the State. F t V } Section 2. The Board of Directors, acting on behalf of the Issuer, hereby authorizes and directs that the "Public Submission Statement," attached hereto as Exhibit A and consisting of: (a) The name of the proposed users of the Facilities; ~ F (b) a full and complete description of the Facilities; (c) an explanation of the projected cost of the Facilities; and L ' 1 (d) an explanation of the necessity for the acquisition, con- { struction and equipping of the Facilities be filed with the Commissioners Court of the Sponsoring Entity at least 14 ; days prior to the issuance of the Bonds in compliance with Section 4.63 of E the Act. r . ~ t o Adopted this Jwte r ^ , 1982. F ~ Author ed 'O icer ATTEST: 9 -Lz Off ~i ut or icer w (SEAL -2- F + t I O RAGEAEC 11 EXHIBIT "A" PUBLIC SUBMISSION STATEMENT L IDENTIFICATION Name of Proposed User of the Kidney Disease and Dialysis Center: Health Systems International of Bryan, a Texas Corporation Bryan Nephrology Center, a Texas Joint Venture II. The proposed Kidney Dialysis Center will be utilized to provide specialized in- center hemodialysis treatments, home dialysis assistance and consultation and outpatient care for kidney transplant patients. In addition, services will include treatment for all types of chronic kidney diseases and disorders. The Dialysis Center, to be located in Bryan, Texas, will allow residents of Brazos County the convenience of dialysis treatments in Bryan rather than traveling approximately three days a week to treatment areas such as Madisonville, Temple and Houston. It -is estimated that on the initial date of operation, approximately thirty (30) patients will receive dialysis treatments from the Bryan Center. It is further anticipated that the Center will reach its maximum operating capacity at a patient rate of approximately sixty (60) patients. As a result of the Center's operation, job opportunities will be created for approximately twenty-one (21) skilled and semi-skilled persons. III. PROJECTED COST OF THE FACILITIES Cost of Building & Improvements $455,000 Cost of Equipment 170,000 Cost of Issuance 40,000 Capitalized Working Capital 61,750 Reserve Fund 128,250 TOTAL PROJECT COST: $855,000 YOL PAGES t. 1 I l~ i~• I y ~ w . 1 IV. NECESSITY FOR ACQUISITION AND EQUIPPING OF THE FACILITY The Kidney Dialysis Center will be available to the total citizenery of Brazos Count and to its medical community and will E County provide Brazos County with its first kidney dialysis treatment center. 11 1 The Dialysis Center offers vital medical services not otherwise available in the I Brazos County area. Its importance will be demonstrated as it functions to 'save lives and to render convenience to those kidney disease victims having to travel unnecessarily long distances for equivalent treatment. The need and demand for the kidney dialysis treatment center is demonstrated by the fact that no such facility currently exists in Brazos County and that approximately thirty (30) patients will be users on the initial date of operation. The Dialysis Center has been deemed by the User to operate on a financially ' sound basis, and moreover, the User has quaranteed the financial' viability and feasibility of the Center. i s r. , ~ I I s I t , y I t t ' r f r A RESOLUTION DETERMINING THAT THE PROPOSED FACILITIES OF SOUTH- - WEST COMPUTER DIAGNOSTICS IS A HEALTH FACILITY WITH- IN THE MEANING OF THE HEALTH FACILITIES DEVELOPMENT ACT; FINDING THAT THE FINANCING OF THE FACILITIES THROUGH THE ISSUANCE OF BONDS IS IN FURTHERANCE OF THE PUBLIC PURPOSE OF THE ACT; AUTHORIZING THAT CERTAIN INFORMATION RELATING TO THE FACILITIES BE FILED WITH THE COMMISSIONERS COURT OF BRAZOS COUN- TY, TEXAS WHEREAS, pursuant to the Health Facilities Development Act (the "Act"), this non-profit corporation (the "Issuer"), has been duly created and is authorized to issue its revenue bonds to finance the costs of anv "health facility," as defined by the Act; and WHEREAS, Southwest Computer Diagnostics (the "Company"), a Texas joint venture, has made application to the Issuer to finance the acquisition of certain medical diagnostic equipment (the "Facilities") through the issuance of revenue bonds; and WHEREAS, the Company represents that the acquisition of the "Facili- ties" is required, necessary or convenient for providing health care within Brazos County, Texas (the "Sponsoring Entity") and the State of Texas (the "State") and that the financing of the Facilities through the issuance by the Issuer of its revenue bonds is in furtherance of the public purpose of the promotion and development of new and expanded health facilities to improve the adequacy, cost and accessibility of health care; and 1%'HEREAS, the Issuer proposes to issue its revenue bonds entitled "Brazos County Health Facilities Development Health Facilities Development Corpor- ation Revenue Bonds (Southwest Computer Diagnostics Project) Series 1982" (the "Bonds") in the aggregate amount of $ 1 ,ooo,ooo. to finance the Facilities; and WHEREAS, the Company represents that the "Public Submission State- ment" attached hereto as Exhibit A contains the name of the proposed user of the Facilities, a full and complete description of the Facilities to be financed from the proceeds of the Bonds, an explanation of the projected costs thereof and the necessity therefor; NOW, THERFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF BRAZOS COUNTY HEALTH FACILITIES DEVELOPMENT CORPORATION as follows, to-wit: Section 1. This Board of Directors, acting on behalf of the Issuer, based upon representations made by the Company, hereby finds, determines and declares, but solely for its own purposes in performing its duties under the Act, that: (a) The Facilities constitute a "health facility" as defined in the Act; { YOt,F...PAGEL2 't 1 t ' ' °°-r, .-rr;^_ •~~_m+-rte (b) The acquisition, construction and equipping of the Facilities will expand and improve the health care"available to the citizens of the a. Sponsoring Entity and the State; and (c) The financing of the Facilities through the issuance of the Bonds is in furtherance of the public purpose of the promotion and development of new and expanded health facilities to improve the adequacy, cost and accessibility of health care in the Sponsoring Entity and the State. i t Section 2. The Board of Directors, acting on behalf of the Issuer, k 1 ' hereby authorizes and directs that the "Public Submission Statement," attached i hereto as Exhibit A and consisting of: (a) The name of the proposed user of the Facilities; i (b) a full and complete description of the Facilities; Y` (c) an explanation of the projected cost of the Facilities; and (d) an explanation of the necessity for the acquisition, con- struction and equipping of the Facilities be filed with the Commissioners Court-of the Sponsoring Entity at least 14 days prior to the issuance of the Bonds in compliance with Section 4.03 of the Act. i Adopted this amine 1982. Ili .h )AA4 u l a leer ATTEST: ! y i Authoriz icer r - 1 [SEAL] 1 ~ 1 I - EXHIBIT "A" PUBLIC SUBMISSION STATD1N T I. - IDENTIFICATION Name of Proposed User of the Scanner System CT/T 8800: f Southwest Computer Diagnostic, a Texas Joint Venture II. FROJECT DESCRIPTION The proposed General Electric Scanner System CT/T 88800 will be utilized to y provide specialized total body computerized tomography for the medical cammmity primarily within Brazos County area. The Scanner will be located and operated in ' Bryan, Texas, the address being 2729-B East 29th. Moreover, the Scanner will provide assistance to Brazos County physicians by offering a means for obtaining computerized axial tomography (CATSCAN), a diagnostic.aid. I . The Scanner system udll allow the medical comminity and citizens of Brazos ~j County the opportunity to enjoy the state of the arts in health care without having i to incur the expense and the inconvenience Qf traveling to Houston or other areas i1 of the state for the same services. It is anticipated that the initial year of•operation, approximately 1,200 scans will be conducted, and that subsequent annual usage will increase by 10% f ' ; ter. 5% each year therea for the next three years, and by III. PROJECTED COST OF THE FACILITIES Cost of Equipment - CT/T 8800 $890,000 j (includes installation, taxes, and interim interest) j j j, Cost of Issuance 58,000 Capitalized Working Capital 52,000 ' TOTAL PROJECT AND FINANCING COSTS: $1,000,000 ' ' IV. j NECESSITY FOR ACQUISITION, AND EQUIPPING OF i j THE FACILITY I I! The Scanner System CT/T 8800 will be offered to the entire Brazos County jl medical community, and will provide the Bryan/College Station area with its first a; total body computerized tomography syst(n. i , ' ' VOLLPAG' F.- .V i 1 ~ r ' 1 ~ 1 l 1 r / t . r 1 RESOLUTION APPROVING AGREEMENT BY BRAZOS COUNTY INDUSTRIAL DEVELOPMENT~'CORPORATION TO ISSUE BONDS FOR EUREKA INVESTMENT COMPANY ,i r l rt WHEREAS, the board of directors (the "Board") of the Brazos County Industrial Development Corporation has, by a Resolution Concerning Issuance of Bonds to`Finance a Project for Eureka Investment Company adopted May 24; 1982 (the "Resolution"), agreed and declared its intent to issue its limited obligation revenue bonds pursuant to the terms of the Development Corporation Act of 1979, Article `5190.6, Vernon's Texas- Civil Statutes, as amended (the "Act") and such other statutes as may provide authority therefor, to finance the costs of the project and in the amount set forth in the Resolution for the benefit of Eureka Investment Company; and WHEREAS, the Commissioners Court of Brazos County, Texas finds and declares that the action of the Board approving the Resolution should be approved and is in the best interests of the inhabitants of Brazos County, Texans for the reasons therein set forth; NOW, THEREFORE, BE IT RESOLVED BY THE COMMIS- SIONERS COURT OF BRAZOS COUNTY, TEXAS, THAT: Section 1: The Resolution, as adopted by the Board, agreeing and declaring an intent to issue limited obligation revenue bonds for" the purposes and in the amount set forth in the Resolution is hereby approved. Section 2: This Resolution is adopted for the purpose of satisfying ng the conditions and requirements of the Act and Section 103 of the Internal Revenue Code,of 1954, as amended, and the regulations promulgated thereunder. ` a i Fl 4 r 1 11 I• 1 -T } • t 1 ~ . VO AGES • r '