PUBLIC NOTICE: RESOLUTION NO. 2023-0919C NOTICE OF PROJECTS

NOTICE IS HEREBY GIVEN that the City of Heath Municipal Benefits Corporation (the “Corporation”), a non-profit corporation created by the City of Heath (the “City”) pursuant to the Development Corporation Act of 1979, Article 5190.6, Vernon’s Texas Civil Statutes, Section 4B, and now operating under Texas Local Government Code, Chapter 505 (the “Act”), intends to use sales tax revenues and other resources of the Corporation to fund the following projects (the “Projects”):

a. Acquiring, constructing, installing, and equipping a City public safety facility for the police and fire departments, as authorized by the Act. The Corporation will remit to the City $3,000,000 from funds on hand in a single lump sum to pay for a portion of the costs of the public safety facility project and the City intends to issue certificates of obligation to pay the remaining costs of the project.

b. Renovating, improving, and equipping the Towne Center Park in the City, as authorized by the Act and an election held within the City. The Corporation will remit to the City $473,925.00 on an annual basis for 20 years to pay a portion of the costs of the Towne Center Park project, including financing costs of the City for certificates of obligations issued by the City to fund such project.

The Corporation will hold a public hearing to solicit citizen input regarding the expenditure of funds to undertake the Projects. The public hearing will be held at the Heath City Hall, 200 Laurence Drive, Heath, Texas, on December 12, 2023, at 6:00 p.m. All interested persons are invited to attend the public hearing and speak for or against the undertaking of the proposed Projects.

DOWNLOAD THE RESOLUTION (pdf)