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Commissioners approve resolution reassuring bonds for CHRISTUS hospital expansion in Titus County
Summary
The court unanimously approved a resolution reassuring bonds issued by a financing corporation to support a CHRISTUS hospital construction project in Titus County; county officials said the county is not financially liable.
The Commissioners’ Court unanimously approved a resolution Sept. 8 to reaffirm bond reassurance provided by the Tarrant County Cultural Education Facilities Finance Corporation on behalf of CHRISTUS for the construction of a health facility in Titus County.
Paul Harvey, identified at the meeting as CEO of CHRISTUS Hospital in Sulphur Springs, told the court the financing request was originally presented about a year ago for approximately $15 million to build a roughly 32,000‑square‑foot facility that will house an emergency room, 12–14 provider offices/clinics, imaging, x‑ray and lab services. Harvey said timing and a refinancing strategy resulted in returning to the court for TEFRA compliance.
During the discussion the county judge noted the county is not on the hook for the financing. Commissioner Applewhite moved approval of the reassurance resolution; Commissioner Parker seconded. The motion carried unanimously.
The meeting record does not include the bond series number or the detailed financing agreement; Paul Harvey identified the financing amount and the facility scope but contractual terms were not read into the record.
