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MISSION ECONOMIC DEVELOPMENT CORPORATION

NOTICE OF INTENTION

BUDGET AMENDMENT TO FY 2011-12 BUDGET

TAKE NOTICE that the Mission Economic Development Corporation of the City of Mission, (the “MEDC”), shall convene not earlier than 60 days after first publishing this notice and shall consider authorizing a Budget Amendment to the FY 2011-12 Budget, as hereinafter described, pursuant to the provisions of V.T.C.A. Local Government Code Sections 505.001 et seq.  The MEDC is authorized on behalf of the City of Mission, Texas to undertake the Project or Projects by paying the cost of the Project or Projects with sales tax revenues authorized under said Local Government Code sections.

The Board of Directors of the MEDC will determine whether the Project or Projects will be undertaken and whether it will finance the cost of the Project or Projects with proceeds from sales tax revenues.

The Budget Amendment to FY 2011-12 Budget shall consist of the following: The creation of a Mission Corridors Infrastructure Fund in an amount not to exceed $1,000,000.  Anyone interested is invited to attend and present their comments.

Date of Publication:    January 6, 2012

ANNA CARRILLO

CITY SECRETARY

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