1986-1201490L
NO Q
AN ORDINANCE AUTHORIZING ENTRY INTO AGREEMENT WITH THE COUNTY OF
DENTON, THE FLOW MEMORIAL HOSPITAL BOARD OF DIRECTORS, AND FLOW
REGIONAL MEDICAL CENTER FOR THE TRANSFER OF ASSETS OF FLOW
MEMORIAL HOSPITAL
WHEREAS, the City of Denton through its City Council and the
County of Denton through its Commissioners Court, have given
serious consideration to the present and future health care
needs of the residents of the community served by Flow Memorial
Hospital, and
WHEREAS, the City and the County desire to assure the
availability of health care for indigent county residents and
the New Corporation is willing to provide such care, and
WHEREAS, the City and the County have requested a Blue
Ribbon Committee to study the Hospital and its future, and
WHEREAS, the City and the County have determined that
significant changes are necessary to assure the future
viability of the Hospital, and
WHEREAS, the City and the County have determined that
entering into an Asset Transfer Agreement with the New
Corporation to transfer assets of Flow Memorial Hospital, a
joint city-county hospital, is in the best interests of the
residents of the County of Denton and the City of Denton, an
WHEREAS, such Asset Transfer Agreement is contingent on the
right of at least 10% of the qualified voters by petition before
the 31st day after this order to require a referendum on the
assure of the Asset Transfer Agreement, and
WHEREAS, such Asset Transfer Agreement is contingent upon
the issuance by a court of competent jurisdiction of a final
non-appealable declaratory judgment pursuant to TEX REV
CIV STAT ANN art 717m-2 (Vernon's Supp 1986) upholding the
legality and validity of such Asset Transfer Agreement, NOW,
THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF DENTON
SECTION I
That subject to the contingencies set forth above as well as
all conditions precedent set forth in the Agreement, the Mayor
is hereby authorized to execute the Asset Transfer Agreement
between the City of Denton, the County of Denton, Flow Memorial
Hospital Board of Directors and Flow Regional Medical Center,
for the transfer of the assets of Flow Memorial Hospital to Flow
Regional Medical Center, in substantially the form as attached
hereto and made a part hereof
SECTION II
That this ordinance shall become effective immediately upon
its passage and approval
PASSED AND APPROVED this the ~ day of
RAYS PHENS, MAYOR
CITY OF DENTON, TEXAS
ATTEST
-CHARLOTT AL N TY SEC ETARY
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
DEBRA ADAMI DRAYOVITCH, CITY ATTORNhY
CITY OF DENTON, TEXAS
BY '
1986