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Section A: General News


FEDC, F&W strike deal




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Wilson County News
November 20, 2013 | 1,489 views | 1 comment

FLORESVILLE -- After more than seven years of discussions that have ebbed and flowed between the two parties, a deal has been reached that would move F&W Electrical Contractors to the Floresville Economic Development Corp.’s (FEDC) El Rancho Grande Industrial Park south of here. At its Nov. 12 meeting, the FEDC’s board voted unanimously to sell 6.64 acres in the park to F&W for $120,815 in a transaction set to close Jan. 1.

The two parties began negotiating in 2006 for F&W to move to the park, since the company has long outgrown its headquarters near the intersection of U.S. 181 and F.M. 775 north of Floresville.

Also during the meeting, the board voted to retain the services of Denton, Navarro, Rocha & Bernal. The San Antonio-based law firm now will serve as the FEDC’s legal counsel, replacing the Floresville-based Carvajal Law Firm. Denton, Navarro will bill the FEDC at a rate of $195 per hour for partners or senior associates, $185 per hour for junior associates.

After the meeting, FEDC board President Andy Eubanks said there was no record of a formal contract between Carvajal and the corporation. Eubanks also said that attorney Howard Berger would continue to represent the FEDC on real estate transactions.

Floresville Economic Development Corp. (FEDC) board meeting, Nov. 13. In attendance: Board members Andy Eubanks, Mary Helen Tieken, Ray Lamberth, and Jason Talley; FEDC Executive Director Tommy Baker, and Floresville City Manager Henrietta Turner.

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