Mission city council extends line of credit payment deadline
This Mon. Dec. 28, 2020, the Mission city council met via Zoom and amended a resolution to extend the deadline for the authorization on a line of credit.
Because the Coronavirus Aid, Relief, and Economic Security (CARES) Act from the county extended their deadlines for expensing and requesting reimbursements, and the current line of credit with Mission expired Sept. 30, 2020, city staff made the request to continue CARES Act funding in fiscal year 2021.
The initial Resolution #1688 passed at the end of Sept. 2020 stated the city had a term of 90 days (Oct. 1 through Dec. 31 or sooner), and the amount could not exceed $5 million. During the special called meeting, Mission Finance Director Angie Vela said the county is still reviewing city reimbursements, and has only dispensed 40 percent of the CARES Act advancements to the city.
The line of credit was extended so it would be payable on or before Sept. 30, 2021. Mission is borrowing the funds from Texas National Bank.
The city of Mission then passed another resolution that authorized staff to submit a sub-application to the Texas Water Development Board for the Federal Emergency Management Agency (FEMA) Flood Mitigation Assistance (FMA) Program. The resolution also stated that Mayor Dr. Armando O’caña as the Subrecipient Authorized Representative.
Mission’s Esperanza Drainage Project will be submitted to the program. The total project cost is $5,633,811 and “requires a 25 percent local match” according to Mission Grants Administrator Michael Elizalde.
Both resolutions were passed unanimously, along with the city’s request to close all offices on Thursday, Dec. 31, 2020 for the New Year’s holiday. First responders in the police and fire departments who were already scheduled to be on call for the holiday will receive holiday pay according to City Manager Randy Perez.
