Res 091-83 5/3/1983RESOLUTION NO. G j- Q3
RESOLUTION APPROVING CONTRACT WITH NORTH CENTRAL
TEXAS MEDICAL FOUNDATION CONCERNING ZALES HEALTH
SCIENCE CENTER.
WHEREAS, the North Central Texas Medical Foundation is
planning to construct a facility which will provide space for
Wichita Falls Family Practice Residency Program, the Family
Health Center, a regional health science library, and administrative
offices of the North Central Texas Medical Foundation, and possibly
other medical and health services, and the City is acquiring and
furnishing the real property on which the facility will be located;
and,
WHEREAS, in addition to furnishing the real property, the
City is providing funds for public utility relocations and
adjustments and construction of a public parking lot at the
facility, provided that the total expenditure of City shall not
exceed $250, 000 .00 , which is being provided out of Community
Development Block Grant funds .
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WICHITA FALLS, TEXAS , THAT:
SECTION 1 . That certain agreement, a copy of which is
attached hereto, between the City and such Medical Foundation
which sets out the agreement of each party with regard to this
project, is hereby approved, and the City Manager is authorized to
execute the same for the City of Wichita Falls .
SECTION 2 . With regard to the conveyance of the properties
by the City to the Medical Foundation, as provided for in such
contract, the City Manager is authorized to execute such deed or
deeds for the City of Wichita Falls . Part of this property has
already been acquired by the City, and the City is in the process
of acquiring the balance of the property; the City Manager may
execute deeds to each part of the property as it is acquired by
the City.
PASSED AND APPROVED this the 3rd day of May, 1983 .
V
A Y O •
ATTEST:
City Clerk
AGREEMENT BETWEEN CITY OF WICHITA FALLS
AND NORTH CENTRAL TEXAS MEDICAL FOUNDATION
This agreement made and entered into this the 3rd day of
May, 1983, by and between the City of Wichita Falls, Texas (herein-
after called "City") and North Central Texas Medical Foundation
hereinafter called "Medical Foundation") ,
WITNESSETH:
WHEREAS, City desires to assist Medical Foundation in construct-
ing a facility to be used as a Health Science Center, which Center
will be located on Lots 1 through 10, Block 241, Original Townsite
of the City of Wichita Falls. City currently owns a portion of
this property, and is in the process of acquiring the balance of
the property.
NOW THEREFORE, for and in consideration of the mutual covenants
herein contained, the parties hereto do hereby agree as follows:
1. City agrees to convey to Medical Foundation such Lots 1
through 10, Block 241, Original Townsite.
2. City agrees to remove any structures from such property.
3. City shall pay to Medical Foundation funds to cover the
costs of necessary public utility relocations and adjustments,
and the cost of a public parking lot on the site; provided, however,
that in no event shall the total costs expended by City for
acquisition of the property, relocation of occupants, removal of
structures, public utility relocations and adjustments, and construction
of the public parking lot exceed the sum of $250,000.00.
4. Medical Foundation agrees to construct a facility containing
approximately 10,000 to 16,500 square feet, at a cost of at least
800,000.00. This facility will provide space for the Wichita
Falls Family Practice Residency Program and other health services,
including as a minimum the Family Health Center, a regional health
science library, and administrative offices of the North Central
Texas Medical Foundation. Medical Foundation shall commence actual
construction of such facility no later than six months from date of
this contract.
5. Medical Foundation further agrees to provide reasonable
medical services to the residents of Midtown Manor.
6. It is understood that a construction loan will be made
for the construction of the facility, and the construction lender
will have a first lien on the property to secure such loan. In
the event Medical Foundation should default on such loan, and the
construction lender forecloses its first lien, the proceeds from i.3W0giZqZ45i1g0W411g4gg
the foreclosure sale shall first be used to pay in full the
construction loan; next, the City shall be paid the amount of its a a .-
total expenditures and investment in such property; any balance
of the proceeds remaining shall become the property of Medical F 4Rry_sP , ,at4 :.
Foundation. If and when Medical Foundation pays off the construction
loan in full, all of City's interest in the property shall terminate.
7. In the event that Medical Foundation does not commence
construction of the facility within the time specified above, the
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title to the property shall revert to City, subject to repayment by
City to Medical Foundation of any money expended by it on improvements
to the property. i tt
8. After Medical Foundation has acquired the title to all
the property from City, it shall replat such property in accordance
with City's Subdivision Ordinance.
9. The funding of this agreement in no way commits City to
any further funding. Any future funding will be negotiated by
City and Medical Foundation as a separate issue.
10. With regard to the expenditure of funds paid by City
to Medical Foundation for public utility relocation and adjustments
and the public parking lot, Medical Foundation shall comply with
all rules, regulations and guidelines issued by the Department of
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Housing and Urban Development in the construction of such improve-
ments.
11. At any time during normal business hours, as often as
City or the Department of Housing and Urban Development may deem
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necessary, Medical Foundation shall make available to City or
such Department for examination all of its records with respect
to the public utility relocation and adjustments and the
construction of the public parking lot, and will permit City or
such Department to audit, examine and make excerpts or transcripts
from such records, and to make audits of all contracts, invoices,
materials, payrolls, records of personnel, conditions of employment
and other data relating to such public utility relocation and
adjustments and construction of the public parking lot.
IN WITNESS WHEREOF, the parties hereto have caused this
agreement to be executed as of the day and year first set out
above.
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CITY OF WICHITA FALLS, TEXAS
4 _
By:
City Manager
ATTEST:
City Clerk
r nom c •
NORTH CENTRAL TEXAS MEDICAL
FOUNDATION
By:
ATTEST:
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