Calhoun Port Authority

The public hearing will discuss a proposal for the issuance of revenue bonds to loan proceeds to Max Midstream Texas, LLC. The funds will be used to finance or refinance the acquisition, construction, reconstruction, development, installation, and improvement of dock and wharf facilities, including port, wharf, dock, marine terminal, pipeline, storage, trucking, intermodal, and other related facilities for the loading, unloading, transport, mixing, and storage of petroleum and other products. The maximum aggregate principal amount of the proposed bonds is anticipated not to exceed $85,000,000.

The Calhoun Port Authority's mission is to act as a regional economic development catalyst, safeguarding and enhancing its industrial base while diversifying international maritime cargo. Key goals include ensuring fiscal responsibility, delivering excellent customer service, protecting marine and coastal resources, and proactively fostering economic growth.

The public hearing will discuss a proposal for the issuance of revenue bonds or notes by the Authority to loan proceeds to Max Midstream Texas, LLC. These funds will be used to finance or refinance the acquisition, construction, reconstruction, development, installation, and improvement of dock and wharf facilities, including port, wharf, dock, marine terminal, pipeline, storage, trucking, intermodal, and other related facilities of the Calhoun Port Authority. The project aims to support the loading, unloading, transport, mixing, and storage of petroleum and other products. The maximum aggregate principal amount of the proposed Notes is anticipated not to exceed $120,000,000.