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Edinburg EDC Director Agustín García, Jr. reports that city’s strong economic growth and local governments’ financial integrity help community qualify for one of nation’s best bond ratings for investors

Image Courtesy RGV FC TOROS

Featured: An artist’s rendition of the 9,700-seat RGV FC Toros Stadium, located on 1616 South Raúl Longoria Road in Edinburg, one of many symbols of economic growth in the city. On Thursday, July 21, 2016, a press conference will be held beginning at 9 a.m. at the amphitheater, located on the park side of the professional sports complex, to announce the naming rights for the venue.

Image Courtesy RGV FC TOROS

The city’s continuing strong economic growth and the strategies by its elected leaders to protect taxpayers and manage public funds have resulted in one of the nation’s best bond ratings for investors, sending a strong message nationwide that the future remains bright for people to live, work and do business in Edinburg. The ratings, which were released on Monday, July 11, 2016, focused on several bonds previously issued by the city and the Edinburg EDC. Fitch Ratings upgraded those bonds to “AA”. “The improved ‘AA’ ratings mean that the Mayor, City Council, and Edinburg EDC Board of Directors, through their policies and actions, continue to demonstrate their excellence in helping shape an economy that means more good-paying jobs, a great environment for businesses of all sizes, and a high quality of life for our community,” said EEDC Executive Director Agustín García, Jr.

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Edinburg gives initial approval to provide a maximum of $30 million – to be spread out over up to 30 years without raising city property tax rate – to help in the construction of $150 million Hidalgo County Courthouse

Photograph By MARK MONTEMAYOR

Featured, from left: Precinct 1 Hidalgo County Commissioner A.C. Cuellar, Jr. of Weslaco; Hidalgo County Judge Ramón García; Mayor Richard García; Councilmember J.R. Betancourt; and Mayor Pro Tem Richard Molina. This image was taken on Tuesday, March 8, 2016 in the Council Chamber of Edinburg City Hall.

Photograph By MARK MONTEMAYOR

The Mayor and Edinburg City Council on Tuesday, March 8, 2016, gave their initial approval to provide a maximum of $30 million – to be spread out over up to 30 years and without raising the city property tax rate – to help in the construction of a $150 million Hidalgo County Courthouse, the Edinburg Economic Development Corporation has announced. If all goes as planned by the county, construction on the courthouse may begin near the end of this year, if weather permits. The county anticipates a completion date of October 2018. The action took place following a 2 p.m. joint work session with the Hidalgo County Judge and Hidalgo County Commissioners Court, held in the Council Chamber of Edinburg City Hall, and sets into motion a plan that will eventually lead to the construction of a state-of-the-art judicial center, which will be located in downtown Edinburg, next to the current county courthouse complex.

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As new EEDC board members – Rolando “Ronnie” Guerra, Sr., Mark Iglesias, Harvey Rodríguez, and Richard W. Ruppert– begin their latest public service, Edinburg is primed for more successes, says Mayor Richard García

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Four new members of the Board of Directors for the Edinburg Economic Development Corporation are now bringing their vision and considerable skills to one of the most influential public bodies in deep South Texas, Mayor Richard H. García has announced. García also serves as President of the five-member governing board for the EEDC, which is the jobs-creation arm for the Mayor and Edinburg City Council. Under the bylaws of the EEDC, the Mayor is always President of the EEDC Board of Directors, while the four other members of that leadership group are appointed by the mayor and city council. Rolando “Ronnie” Guerra, Sr., Broker/Dealer with Voya Financial Advisors, Mark Iglesias, Environmental Manager at S&B Infrastructure, Ltd., and Harvey Rodríguez, South Texas Operations Manager with CAS Companies, LP, were selected by the mayor and city council on Thursday, May 21. On Tuesday, June 2, Richard W. Ruppert, owner of Santa Cruz Land Sales, became the fourth new appointee to the EEDC Board of Directors, following the required approval of the mayor and city council, and setting into motion the most recent team of EEDC board members to their respective two-year terms. “I congratulate these outstanding community leaders who have agreed to serve our city as Edinburg continues this incredible journey of landmark advances and proven progress,” said García. “But I also want to thank our immediate past board members, whose legacies will feature helping make Edinburg one of the best cities in Texas in which to live, work, and play.” Business leader Fred Palacios, Dr. Havidan Rodríguez, the President Ad Interim for The University of Texas-Pan American, prominent attorney Felipe García, and Steven Cruz, II, Director of Operations for Precinct 4 County Commissioner Joseph Palacios, are coming off very successful terms on the EEDC Board of Directors, the mayor noted. “From our legislative efforts that have helped result in the completed and ongoing construction of the $42.7 million Performing Arts Complex, the $54 million Medical Education Building, and the $70 million Science Building at the University of Texas-Pan American to the upcoming construction of the $68 million Bert Ogden Arena – and many other very important achievements – Fred Palacios, Havidán Rodríguez, Felipe García, and Steven Cruz, II, under the leadership of the Edinburg City Council, have made a tremendous positive impact on our hometown,” the mayor said. “Now come Rolando “Ronnie” Guerra, Sr., Mark Iglesias, Harvey Rodríguez, and Richard Richard W. Ruppert, who surely will add their distinguished names as the latest architects of Edinburg’s great and immediate future,” García predicted with pride and confidence. “They will bring honor to themselves and their families through this public service, and that is why they were chosen to serve our community.”

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