MEDC Notice of Intention

MISSION ECONOMIC DEVELOPMENT CORPORATION NOTICE OF INTENTION TO UNDERTAKE A PROJECT OR PROJECTS

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 and undertaking a Project or Projects, 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 Project or Projects shall consist of the following:

A) Small Business Fund Programs 2019-2020 proposed budget
$230,000; additional funding of $36,000, amended budget
not to exceed $266,000; and B) Infrastructure improvements, located on the southwest corner of Shary Road & Business 83, Mission, Texas, in an amount not to exceed $40,000.

Date of publication: August 23, 2019
Anna Carrillo
City Secretary

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