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ESD No. 3 obtains tax ID number, $10K loan
STOCKDALE -- Wilson County Emergency Services District (ESD) No. 3 commissioners are making headway for full implementation, with receipt of a tax identification number.
According to board Secretary Teri Wolff after the board’s March 11 meeting, representatives of the ESD board and the city of Stockdale were to meet March 12 at the Commerce Bank Texas in Stockdale regarding the establishment of a line of credit. This followed the Stockdale City Council’s agreement to provide monetary assistance for startup funds.
All members attended the March meeting in the Stockdale Economic Development Corp. office, according to Wolff. At that time, Stockdale City Manager Banks Akin reported the outcome of the March 5 city council meeting to the ESD board. He advised the city had agreed to loan $10,000 to the ESD board as “seed money.” The interest-free loan will be payable in a lump sum when income from the ad valorem tax is received by the ESD.
The voters approved Wilson County ESD No. 3 last November. The district is comprised of approximately one-third of Wilson County, including the city of Stockdale. The ad valorem tax -- which cannot exceed 10 cents per $100 of assessed property value -- will be used to provide emergency medical services in that designated area.
ESD Assistant Treasurer Todd Lawson said the board is pursuing a second line of credit from the Wilson County Commissioners Court. The county is still clarifying some details, however.
The board also addressed the issue of obtaining insurance. Lawson was to recheck if the proposals, received from a couple of companies, are still valid, since the proposals have expired.
The board continues to pursue retaining an attorney, but no action was taken on this.
The board also heard from Treasurer Kirby Urrabazo, who said the ESD has now received its tax identification number. Contracting with a certified public accountant was tabled, however, until the board consults its attorney.
Also present for the meeting was Stockdale Emergency Medical Services (EMS) Director David Rice, to discuss budget questions based on his previous presentations to the board.
Wolff said the board is awaiting data on property values from the Wilson County Appraisal District to aid in setting a tax rate.
The next meeting will be Thursday, April 4, at 6 p.m. in the Stockdale Economic Development Corp. office.
In attendance: board members Lynn Ray West, August Moczygemba, Teri Wolff, Kirby Urrabazo, and Todd Lawson; Stockdale Emergency Medical Services Director David Rice; and Stockdale City Manager Banks Akin.
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