Public Hearing for Tax Exempt Re-Finance Loan
Notice is hereby given that on Tuesday, April 28, 2020, at 5:30 p.m., a public hearing, as required by Section 147(f) of the Internal Revenue Code, as amended, will be held via teleconference* at Telephone Number: 877-402-9753, PIN 7731329, by the Board of
Directors of the Pecan Grove Municipal Utility District (the “PGMUD”), a political subdivision of the State of Texas, for Pecan Grove Volunteer Fire Department, a Texas non-profit volunteer fire department organized under the laws of the State of Texas, with
respect to the proposed issuance and making of two (2) tax-exempt bonds (“Promissory Notes”) by Pecan Grove Volunteer Fire Department (“PGVFD”). The proposed Promissory Notes will be used by PGVFD to refinance two prior tax-exempt bonds, one
used to acquire within its coverage territory a certain tract of land upon which to construct a fire station (remaining balance: $69,000.00), and the second used to construct a fire station upon such land (remaining balance: $177,000.00), all in furtherance of the firefighting service agreement between the PGVFD and PGMUD.
The Promissory Notes are to be issued by PGVFD and the proceeds will be used by PGVFD, as Issuer, as indicated above, and in accordance with such terms and conditions (including payment terms, rate of interest, security, etc.) as set forth in the tax-exempt Promissory Notes. The maximum principal amount of the tax-exempt Promissory Notes, collectively, will be no greater than $250,000.00. The Promissory Notes will be obligations of the Pecan Grove Volunteer Fire Department. The fire station the subject of the Promissory Notes is Station 2, located at 3700 Farmer Rd., Richmond, TX 77406.
The hearing will provide a reasonable opportunity to provide comment. All interested persons are invited to attend the public hearing - or may file written comments with the PGVFD (Station 1, 727 Pitts Rd., Richmond, TX 77406) or PGMUD (2035 FM 359 K,
Richmond, TX 77406) prior to the date of hearing - to express any comments they may have regarding the proposed execution and issuance of the tax-exempt Promissory Notes.
Persons with disabilities who plan to participate in or attend this meeting and would like to request auxiliary aids or services are requested to contact the PGMUD attorney at (713) 860-6400 at least three business days prior to the meeting so that appropriate
arrangements may be made.
PECAN GROVE VOLUNTEER FIRE DEPARTMENT
727 Pitts Rd
Richmond, TX 77406
Dated: April 1, 2020
* As a result of the current COVID-19 virus epidemic emergency, the convening at one location of a quorum of the PGMUD Board is difficult or impossible. Therefore, the PGMUD Board will conduct this meeting by telephone conference call rather than by physical quorum pursuant to Texas Government Code Sec. 551.125 and guidance of the Governor of the State of Texas. Members of the public are entitled to participate and address the PGMUD Board during the telephonic meeting. In all respects, this meeting will be open to the public and compliant with applicable law and guidance of the Governor of the State of Texas.