During that meeting the court approved various items pertaining to applying for funds totaling $ 3,135,000 with $1,107,000 being a grant and the remaining $2,028,000 a loan in the form of bonds. This item was started back in 2012, to be repaid in a term of no more than 40 years at a possible 2.5 percent interest rate, but after five years could possibly have a different interest rate and terms.
Judge David Saucedo stated that the expansion had to do with the GEO facility, and that they were going to be part of the project.
“This will increase services for the airport, radar base, Normandy, and Quemado, Texas areas,” said Saucedo.“We’re working with USDA and GEO on the possibilities of expanding the water treatment plant if GEO comes back to the detention facility which they have already purchased. This new opportunity, if it comes through, will generate revenues and employment for the County of Maverick.”
Saucedo explained that the county has met with representatives from GEO over the issue of insufficient capacity at the water treatment plant for the facilities new plans and structure.
“It has been made clear if they are interested that we will work together to upgrade and bring those needed services,” said Saucedo. “At the same time we are looking at GEO’s participation and the funds that the county will receive from those services provided to the entity will be used to ultimately pay for the low interest loan.”