Blog

« All Posts

NOTICE OF PUBLIC HEARING

MISSION ECONOMIC DEVELOPMENT CORPORATION

SOLID WASTE DISPOSAL REVENUE BONDS

(PANDA HIGH PLAINS HEMP GIN, LLC PROJECT)

Notice is hereby given of a telephonic public hearing to be held on behalf of the Mission Economic Development Corporation (the “Issuer”), on September 17, 2020 at 9:30 a.m. Interested parties may join the public hearing on the date and the time indicated above by dialing +1.866.226.4650 (US Toll Free) and, when prompted, entering the meeting code 240 966 898#.

The public hearing concerns a plan of finance, including one or more series of bonds (the “Bonds”) proposed to be issued by the Issuer in an aggregate maximum stated principal amount of $80,000,000. The Bonds will be issued as exempt facility bonds for solid waste disposal facilities pursuant to section 142(a)(6) of the Internal Revenue Code of 1986, as amended (the “Code”). Proceeds of the Bonds will be loaned to Panda High Plains Hemp Gin, LLC and/or one or more subsidiaries or affiliates thereof (collectively, the “Borrower”), to finance the acquisition, construction and equipping of an industrial hemp processing facility to be located at 8600 N. Central Freeway, Wichita Falls, Wichita County, Texas 76305 (the “Project”). The Borrower will be the initial owner and/or operator of the Project. 

The aforementioned public hearing will be conducted by Lee McCormick or his designee. All interested persons are invited to telephonically attend such public hearing to express their views with respect to the Project and the Bonds. Questions or requests for additional information may be directed to Mr. McCormick at 6988 Lebanon Rd., Ste. 103, Frisco, Texas 75034 (telephone: (214) 2563121; email: [email protected]). If a member of the public is having difficulty accessing the telephone conference line, they should contact Paige Abernathy by telephone at (713) 221-1311 or by email at [email protected] for assistance. Any interested persons unable to dial into the hearing, but who would like to express their views with respect to the Project and the Bonds, may submit their views in writing to Mr. McCormick prior to the date scheduled for the hearing.

This notice is published and the above-described hearing is to be held in satisfaction of the requirements of section 147(f) of the Code and Revenue Procedure 2020-21 issued by the Internal Revenue Service.