The Harker Heights City Council at its Tuesday meeting officially approved an order for a municipal election to be held on Saturday, May 5, to fill Place 2, currently held by Steve Carpenter and Place 5, currently held by Jody Nicholas.

Both places are three-year terms that run from 2018 to 2021.

Filing for the election has already begun and Jody Nicholas has made it official that she will run again in May for her seat on the council.

The Harker Heights Herald confirmed Wednesday, however, that Steve Carpenter will not seek re-election for the Place 2 seat, according to officials at City Hall.

Carpenter is finishing his first term as a councilman after serving 19 years as Harker Heights’ city manager.

Carpenter retired from the city’s top administrative post at the end of December 2013.

He ran unopposed for the Place 2 council seat in May 2015.

The candidate filing period for the upcoming municipal election concludes Feb. 16.

Voting has been scheduled from 7 a.m.-7 p.m. May 5 in the Recreation Center at 307 Miller’s Crossing.

Early voting will begin April 23 and last through May 1 and will be held in the City Hall Administration Department Conference Room at 305 Miller’s Crossing.

Early voting on April 24 and 30 will be from 7 a.m. to 7 p.m.

Early voting will also be held April 23, 25, 26, 27 and May 1 from 8 a.m. to 5 p.m.

Also Tuesday, council members considered an ordinance authorizing the issuance and sale of City of Harker Heights combined tax and revenue certificates of obligation in the amount of $6 million.

Finance Director Alberta Barrett introduced the item by saying; “We started this process back in December 2017 when the council approved their intention to issue City of Harker Heights combination tax and revenue certificates of obligation.”

The 2018 borrowing will not exceed $6 million and will be used to pay for all or any part of the cost of street construction and improvements, drainage improvements and the cost of professional services, she said.

Barrett then introduced Garry Kimball of Specialized Public Finance of Austin.

Kimball reported that BLK Financial Services submitted the winning bid.

The rounded 2.94 percent true interest cost compares favorably with the 3.5 percent rate that we used for budgeting purposes. “If you compare those two rates over the term of the issue, we are $402,000 to the good over the 20-year term. That’s about $20,000 better than what was budgeted,” Kimball said.

Because of the format of the bid, the city also ended up with about $54,000 of additional proceeds versus what was budgeted.

“Standard and Poor’s did affirm the city’s outstanding AA bond rating in connection with this sale,” Kimball said.

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