Emergency Services District 2 seeks $7.58M financing for Socorro fire station and trucks

El Paso County Commissioners Court has taken a significant step towards enhancing emergency services in the region by approving a financing plan for Emergency Services District (ESD) Number 2. The plan, amounting to $7,580,000, is earmarked for the construction of a new fire station in Socorro, Texas, and the purchase of two fire trucks.

During the meeting, officials highlighted the necessity of the new fire station to serve the growing industrial and residential areas along Waco Tanks Road. Over the past year and a half, ESD Number 2 has been diligently preparing for this project, including acquiring land and preparing to award a request for proposals for the station's design, funded through reserves specifically set aside for this purpose.

Financial advisors presented a detailed analysis of the loan agreement, indicating that the estimated tax rate impact would result in a modest increase of approximately one cent, assuming an interest rate of 5.5%. This increase is based on the current property valuation of the ESD's taxing footprint, which stands at about $6.9 billion. The financing plan is expected to be finalized by April, with funds anticipated to be available shortly thereafter.

The approval of this financing plan marks a crucial advancement in ensuring that emergency services can keep pace with the community's growth and demands. As the project moves forward, it promises to enhance public safety and response capabilities in the area, reflecting the county's commitment to serving its residents effectively.