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Section A: General News


FEDC pays off Wells Fargo loan




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Wilson County News
August 21, 2013 | 1,514 views | 1 comment

FLORESVILLE -- The board of directors for the Floresville Economic Development Corp. (FEDC) continues to address unfinished business. The latest move came during the board’s Aug. 12 meeting, when it voted unanimously to approve the expenditure of $155,352 to pay off the remainder of a 6-year-old Wells Fargo bank loan.

The corporation borrowed a total of $1.5 million, which was to be split between various FEDC initiatives, in 2007. Board member Ray Lamberth said of the vote, “It looks really good that we’re paying off a debt versus creating one.”

In other business, the recent construction activities related to the McCoy’s Building Supply was a hot topic during the meeting. FEDC board President Andy Eubanks said the corporation and the city of Floresville initially had an interlocal agreement related to paying up to $125,000 for boring under U.S. 181 so that water and sewer lines could be installed. But the city recently billed the FEDC for materials related to the paving of Wilson Drive, which connects U.S. 181 and C.R. 301 near the store.

Eubanks said that while there was no such verbiage in the agreement, it became apparent that former FEDC Executive Director Jesse Perez obligated the corporation to fund the road construction without ever taking the matter before the board. The board president said city workers hastily paved Wilson Drive just a few days before the store opened, after FEDC Executive Director Raymond “Ram” Ramirez pushed for the completion of the job.

The board voted to recommend that up to $60,000 be combined with a previous $80,000 debt, to be deducted from the approximately $170,000 the city still owes the FEDC for in-kind services it previously performed.

Also during the meeting, the board voted to approve a 6-month listing agreement with Ted Barber of Pat Brown Realtors, who will be the listing agent for the FEDC’s sale of a house located in the El Rancho Grande Industrial Park on F.M. 537 south of Floresville. The house, which is zoned commercial and likely will be used for office space, is being listed for $125,000. As part of the board’s vote, it also stipulated that a water well on the property only can be used in private service to the owner’s business, preventing the commercial sale of the water.

Other FEDC board business included:

•Approval of a blanket-easement proposal from Verizon for telephone service in El Rancho Grande.

•Designating Ramirez as the FEDC’s registered agent, updating its filing with the Secretary of State’s office.

•Hiring Rodney Wiatrek to reroute a 4-inch waterline from El Rancho Grande’s entrance, at a cost not to exceed $3,000.

•Hiring Furgo Consultants Inc. to perform up to 30 test borings of the base material present in the roadway at El Rancho Grande, at a cost of $2,950.

•Authorizing Ramirez to hire someone to replace approximately 1,350 feet of barbed-wire fence along the Old Town Lodi Hike and Bike Trail. The fence was removed prior to the relocation of the former Labatt Bridge, which now spans the Seguin Branch.

•Hearing a presentation from Oakwell Ventures about its proposed redevelopment of the former Wilson County Memorial Hospital. See related story, page 1A.

In attendance: Board members David Strozier, Andy Eubanks, Jason Talley, Ray Lamberth, and Mike Herry; Interim Executive Director Raymond “Ram” Ramirez, Floresville Mayor Diana Garza, and interim City Manager Reggie Winters.

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Your Opinions and Comments

 
SuprF  
Floresville  
August 22, 2013 4:32pm
 
How's about we stop paying for Jesse Perez's back room promises and bill him?

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Section A: General News Archives


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