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MARBLE FALLS - NOTICE OF INTENTIONMARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION NOTICE OF INTENTION TO UNDERTAKE CERTAIN PROJECTS PURSUANT TO CHAPTERS 501 AND 505, TEXAS LOCAL GOVERNMENT CODE (THE DEVELOPMENT CORPORATION ACT OF 1979) AND CALLING
A PUBLIC HEARING
The Board of Directors of the Marble Falls Economic Development Corporation (the “Corporation”) does hereby give notice of intention to undertake certain projects pursuant to the Development Corporation Act of 1979 and expend a portion of funds it receives from the 1/2 of 1% additional sales and use tax levied by the City of Marble Falls, Texas (the “City”), which was approved by the qualified voters of the City at an election held on May 12, 2007.
The Corporation intends to utilize such sales tax funds to pay costs of the following projects or to pay the principal of, interest on, and other costs relating to bonds or other obligations issued by the Corporation to pay the costs of such projects:
•Construction of gas, water and wastewater utilities service needed to attract new businesses in the City of Marble Falls
•Completion of Innovation Loop/Expansion of Business Technology Park including streets and utilities/Street and Driveway access to Highway 281 for the southern section of the Business & Technology Park/purchase of additional acreage adjacent to the Business & Technology Park and ongoing maintenance and landscaping of Business & Technology Park.
•Expansion of the Lakeside Pavilion, including improvements of surrounding park area and street and sidewalk and trail improvements to connect the Pavilion to the Historic Main Street area.
•Highway 281 Bridge replacement and street construction.
•Water sewer and utility improvements to the new hospital.
•Construction, maintenance and administration for new Regional Medical Campus associated with new hospital
•”Falls” project along Colorado River
•Expansion of trails system along Backbone Creek
•Marketing of Business and Technology Park and Marketing of City for development of new businesses
•Trade or vocational school acquisition, construction and maintenance
•Higher education facility expansion and maintenance
•Construction, acquisition, maintenance and operation costs for property, facilities, utilities, and infrastructure associated with manufacturing and assembly businesses, research and development businesses associated with manufacturing and assembly businesses, retention and creation of jobs associated with manufacturing and assembly businesses and research and development businesses.
•Construction, acquisition, maintenance and operation costs for property, facilities, utilities and infrastructure associated with a higher education trade or vocational school.
•Projects related to the approved Downtown Master Plan
•Bat Colony and Observation
•Real Estate Commissions
•Business Improvement Grant (BIG) Program
•Projects found by the Board of Directors to support industry sectors related to healthcare and wellness
•Projects found by the Board of Directors to support industry sectors related to Information Technology services
•Projects found by the Board of Directors to support industry sectors related to resort-related attractions and amenities
•Projects found by the Board of Directors to support industry sectors related to niche retail
•Projects related to expansion and development of affordable housing
The Board of Directors of the Corporation will hold a public hearing with respect to the projects described above at noon on January 8, 2014 at Marble Falls City Hall, 800 Third Street, Marble Falls, Texas 78654.
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P.O. Box 1000, Marble Falls, Texas 78654 - Phone: (830) 693-4367