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Emergency Services District No. 2 clears $7.58 million financing for new Socorro fire station and two trucks
Summary
The court approved ESD No. 2s plan to borrow roughly $7.58 million to build a Socorro fire station and buy two fire apparatus; financial adviser said the loan could add roughly one cent to the ESD tax rate at a 5.5% illustrative rate.
The El Paso County Commissioners Court on Monday approved a financing plan by Emergency Services District No. 2 to borrow approximately $7.58 million to build a new fire station in Socorro and purchase two fire trucks.
Financial advisor Ramon Tijerina (Tejedina Financial Advisors) presented the plan, saying the ESD had secured land and preliminary design funding and planned to bid the financing in April. Tijerina told the court the illustrative model…
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