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County commissioners OK creation of bank accounts
The Wilson County Commissioners Court, during a brief Feb. 18 special meeting, voted unanimously to establish two new bank accounts ahead of the receipt of $8.5 million in proceeds from the county’s certificates of obligation issue. Authorized signers on the accounts will be the county’s Treasurer Jan Hartl and Auditor Tom Dupnick.
According to financial advisor Robert Henderson from RBC Capital Markets, establishment of the “Wilson County Construction Working Account” and the “Wilson County Construction Interest and Sinking Account” was required under the ordinance that authorized the county to obtain the funds. This allows the money to be segregated from the county’s general fund.
The debt issue will finance renovation of the Wilson County Courthouse and of the Wilson County Courthouse Annex III, both located in Floresville. The latter project will include a criminal justice center and new county library.
In attendance: Wilson County Judge Marvin Quinney and commissioners Albert Gamez Jr. and Ricky Morales, County Clerk Eva Martinez, County Auditor Tom Dupnick, and Assistant County Attorney Katherine Chapman.
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