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Commissioners authorize county sign‑off for $150M tax‑exempt financing for Willow Park hospital
Summary
County approved the county judge signing a confirmation under Internal Revenue Code section 147(f) so Texas Health Resources can use tax‑exempt financing for a planned $150 million, two‑phase hospital in Willow Park; county leaders emphasized bonds carry no taxpayer obligation.
The Parker County Commissioners Court approved a request that authorizes the county judge to sign documentation under Section 147(f) of the Internal Revenue Code so a nonprofit may proceed with tax‑exempt bond financing for a Willow Park hospital.
Counsel identified himself as a lawyer for Bracewell and said he represents Texas Health Resources, which plans a two‑phase facility in Willow Park. He described the first phase as a 20‑bed hospital with eight operating rooms, with construction anticipated to begin in 2025 and opening in 2028. The lawyer told the court the project would cost about $150,000,000 and emphasized the county would not be liable: "It doesn't obligate any taxpayer in Parker County," he said.
County counsel and commissioners discussed the legal mechanics and confirmed this action is an acknowledgement required by the Internal Revenue Service when tax‑exempt proceeds will be spent in a jurisdiction. Commissioner Hale moved the authorization; Commissioner Connolly seconded and the court voted 5–0 to carry the motion. No county funds or tax pledges were authorized by the vote.
