Discuss, consider and take appropriate action regarding a Resolution approving New Hope Cultural Education Facilities Finance Corporation Notes, Series 2018 for the benefit of S.P.J.S.T. Rest Home in compliance with Section 147(f) of the Internal Revenue Code.

New Hope Cultural Education Facilities Finance Corporation (the "Issue") proposes to issue tax-exempt obligation pursuant to the Cultural Education Facilities Finance Corporation Act, Chapter 337, Texas Local Government Code, as amended to provide funds to finance and refinance certain health facilities for S.P.J.S.T Rest Home.  The proceeds of the Obligations will be spent to refinance certain tax-exempt obligations that were issued in 2015 for additional facilities at the Borrower's campus in Taylor, Texas loacted at 1810 Old Granger Road, 501 East Lake Drive and 505 East Lake Drive.
Because the project is located in Williamson County, section 147(f) of the Internal Revenue Code of 1986, as amended requires the approval of Williamson County (or the highest elected official of Williamson County) be obtained to the financing by the Issuer after the holding of a public hearing.  A public hearing was held at the offices of SPJST on April 19, 2018.
See attached resolution and documents for further explanation.