City Council plans to issue $41.5 million in certificates of obligation.
Official Courthouse Record · AI-summarized for clarity
Deadline detected: Maximum Maturity Date — February 15, 2051
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- Published
- Category
- Court Notice
- City
- Heath
What You Should Do Next
- 1
Attend City Council Meeting
Join the City Council meeting on March 24, 2026, at 6:30 p.m. at City Hall, 200 Laurence Drive, Heath, Texas to discuss the proposed certificates of obligation.
- 2
Review Project Details
Examine the proposed projects related to the waterworks system improvements to understand how they may affect you and your community.
- 3
Contact City Officials
If you have questions or concerns, reach out to city officials through the contact information available on the City of Heath's website before the meeting.
- 4
Check for Remote Access
If you cannot attend in person, visit www.heathtx.com for updates on how to participate in the meeting via telephone or teleconference.
Frequently Asked Questions
- What is the purpose of the certificates of obligation in Heath?
- They will fund improvements to the City's waterworks system and related infrastructure.
- When is the City Council meeting regarding the certificates of obligation?
- The meeting is scheduled for March 24, 2026, at 6:30 p.m.
- Where will the City Council meeting be held?
- It will be held at City Hall, 200 Laurence Drive, Heath, Texas.
- What is the maximum maturity date for the certificates?
- The maximum maturity date is February 15, 2051.
- How much is the City planning to issue in certificates of obligation?
- The City plans to issue up to $41,500,000.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
Full Notice Text
CITY OF HEATH, TEXAS NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that the City Council of the City of Heath, Texas, at its meeting to commence at 6:30 p.m. on March 24, 2026, at its regular meeting place at City Hall, 200 Laurence Drive, Heath, Texas, tentatively proposes to authorize the issuance of interest bearing certificates of obligation of the City, in one or more series, in an aggregate principal amount not to exceed $41,500,000, for the purpose of paying all or a portion of the City's contractual obligations incurred in connection with (i) designing, planning, acquiring, constructing, installing and equipping additions, extensions and improvements to the City's waterworks system, including water supply facilities, water wells, ground and elevated storage tanks, water transmission and distribution lines, pressure management control facilities (including restrictor valves), associated appurtenances, and related infrastructure; and (ii) legal, fiscal, design and engineering fees in connection with these projects. The City proposes to provide for the payment of said series (one or more) of such certificates of obligation from a pledge of ad valorem taxes levied and collected in the City as provided by law, and from a limited pledge of surplus revenues of the City's waterworks and sewer system, remaining after payment of all operation and maintenance expenses thereof, and all debt service, reserve, and other requirements in connection with all of the City's revenue bonds or other obligations (now or hereafter outstanding), which are payable from all or any part of the net revenues of the City's waterworks and sewer system. In the event that the City Council will be unable to meet at City Hall on March 24, 2026, the City will post on its website, www.heathtx.com, information for persons to attend the meeting by telephone, teleconference or other electronic means. The maximum interest rate for the certificates will not exceed the maximum legal interest rate, the maximum maturity date for the certificates is February 15, 2051, and the estimated combined principal and interest required to pay the certificates of obligation to be authorized on time and in full is $64,649,038. The City currently has outstanding debt obligations secured by and payable from ad valorem taxes equal to $57,937,000 in principal amount and $83,477,048 in combined principal and interest required to pay such outstanding debt obligations on time and in full. The certificates of obligation are to be issued, and this notice is given, under and pursuant to the provisions of Texas Local Government Code, Subchapter C of Chapter 271. CITY OF HEATH, TEXAS