2024-04-15T12:28:25-07:00 2023-09-30 742302373 GARCIA & PENA CPAS 301 W 4TH ST WESLACO TX 78596 990 2022-10-01 742588704 ECONOMIC DEVELOPMENT CORPORATION OF WESLACO ECON 9569690838 275 S KANSAS BLVD WESLACO TX 78596 STEVEN M VALDEZ Executive Dir. 2024-04-15 true STEVEN M VALDEZ 999009999 true MANUEL B GARCIA CPA P00910992 9569691433 X 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 275 S KANSAS BLVD WESLACO TX 78596 9842763 false X www.weslacoedc.com X 1990 TX THE ECONOMIC DEVELOPMENT CORPORATION'S PRIMARY PURPOSE IS TO ENHANCE ECONOMIC AND INDUSTRIAL ACTIVITIES FOR THE CITY OF WESLACO.ITS MOST SIGNIFICANT ACTIVITIES ARE IN PROVIDING INCENTIVES TO EXISTING BUSINESSES AND NEW BUSINESSES AND ENHANCING COMMUNITY ASSETS 6 6 7 0 1500000 4788959 5154115 111307 1341024 56324 564243 4956590 8559382 671228 3086144 0 347263 397128 0 0 2840508 1019792 3858999 4503064 1097591 4056318 20401639 37567810 2023622 15133475 18378017 22434335 X THE ECONOMIC DEVELOPMENT CORPORATION'S PRIMARY PURPOSE IS TO ENHANCE ECONOMIC AND INDUSTRIAL ACTIVITIES FOR THE CITY OF WESLACO. ITS MAIN FOCUS IS IN RETAINING AND EXPANDING EXISTING BUSINESS, AND ATTRACTING NEW BUSINESS AND ENHANCING COMMUNITY ASSETS; WHICH INFUSES NEW DOLLARS INTO THE LOCAL ECONOMY. false false ECONOMIC DEVELOPMENT IS THE PURPOSEFUL INTERVENTION BY AN ENTITY TO ENCOURAGE PRIVATE INVESTMENT IN A SPECIFIC LOCATION WHEN IT OTHERWISE MIGHT NOT HAVE BEEN MADE. THAT ENCOURAGEMENT OFTEN REPRESENTS PUBLIC ASSISTANCE WITH A FINANCIAL VALUE AND IS POPULARLY REFERRED TO AS AN INCENTIVE OR INDUCEMENT. EDC PROVIDES LOANS/ GRANTS TO VARIOUS BUSINESSES FOR CREATING OF JOBS THROUGH RECRUITING NEW INDUSTRY AND/OR EXISTING COMPANIES RELOCATING AND/OR EXPANDING. PROPERTY MANAGEMENT - MAINTENANCE OF INDUSTRIAL PARK BUILDINGS, ROADWAYS, SIGNS AND CITY'S INFRASTRUCTURE MAINTENANCE AND LANDSCAPING, INCLUDING DEPRECIATION EXPENSE OF $148,578 PROMOTION AND DEVELOPMENT: COMMUNITY WORKFORCE TRAINING OF $6,916 AND GENERAL ADVERTISEMENT TO ATTRACT VISITORS TO THE CITY OF WESLACO BUSINESS DISTRICT AND INDUSTRIAL PARK. false false false false false false false false false true false false true true false true false false false false false false false false false false true true false true false false false false false false false false false false false false false true false false true 36 0 true 7 true false false false false false false false false X 6 6 false false false false false false true true true false false true true true true false false true false false X JORGE LOZANO 9569690838 275 S KANSAS BLVD WESLACO TX 78596 X STEVEN M VALDEZ 40.00 0.00 96700 0 0 KRISTOPHER M GARCIA MEMBER 2.00 0.00 X 0 0 0 JOE D OLIVAREZ MEMBER 2.00 0.00 X 0 0 0 JERRY GONZALEZ President 2.00 0.00 X 0 0 0 FRED PEREZ Secretary 4.00 0.00 X X 0 0 0 JUAN JOSE SERRANO JR MEMBER 4.00 0.00 X X 0 0 0 BENITA VALADEZ Treasurer 4.00 0.00 X X 0 0 0 SANDRA CHARLTON CPA Vice President 4.00 0.00 X X 0 0 0 96700 0 false false false 0 1500000 1500000 PROMOTION & DEVELOPMENT 531310 35969 35969 PROPERTY MANAGEMENT 531310 229099 229099 SALES TAX REVENUE 525990 4889047 4889047 5154115 237805 237805 0 0 0 2386600 1283381 1103219 1103219 1103219 0 0 0 LAWSUIT SETTLEMENT 500000 500000 MISC. REVENUE 64243 64243 564243 8559382 7059382 3076574 3076574 9570 9570 0 0 96700 72525 24175 0 231171 181099 50072 17997 13498 4499 22698 17558 5140 28562 22094 6468 0 188573 149062 39511 14050 7300 6750 0 0 0 62529 62529 103848 103848 23344 11672 11672 21436 10718 10718 0 20308 15721 4587 18480 12746 5734 0 2464 2154 310 77294 77294 0 148578 148578 13653 12672 981 REPAIRS & MAINTENANCE 150451 150451 SUBLEASE RENT TO CITY 103812 103812 TRADE SHOWS 58043 58043 DUES & SUBSCRIPTIONS 11571 11571 1358 990 368 4503064 4243214 259850 0 7212854 3778372 5235190 1500000 6641 34840 0 0 362340 414723 5817232 18268268 0 5229042 1016079 4352576 4212963 0 0 0 467156 2649996 3656298 20401639 37567810 148194 1217012 305000 1570428 12954194 962269 2023622 15133475 X 13705441 18221374 4672576 4212961 18378017 22434335 20401639 37567810 4056318 X false true X true false 1 1 4991305 853500 4137805 237736 162579 75157 4212963 LAND ESCROW 250000 LEASE RECEIVABLE 962267 LONG-TERM NOTE RECIEVABLE 2444031 3656298 LEASE PAYABLE UTRGV-CIC 962267 Rounding 2 962269 8559382 8559382 8559382 4503064 4503064 4503064 true ADVANTAGE HEALTHCARE CONSULT 907 S TEXAS BLVD WESLACO TX 78596 9624 0 ECONOMIC INCENTIVES CITY OF WESLACO 255 S KANSAS AVE WESLACO TX 78596 333282 0 ECONOMIC INCENTIVE CLEAN LABEL LLC 1709 EAST PIKE BLVD WESLACO TX 78596 45313 0 ECONOMIC INCENTIVES CLEVER FOODS & SUPPLEMENTS 1508 VOTECH DRIVE WESLACO TX 78596 83050 0 ECONOMIC INCENTIVES DE FIGS WESLACO LLC 915 E EXPRESSWAY 83 STE 600 WESLACO TX 78596 22628 0 ECONOMIC INCENTIVES GABO TX DEVELOPMENTS 4900 N 10TH ST SUITE C-1 MCALLEN TX 78504 10000 0 ECONOMIC INCENTIVES GLAZIERS BEER & BEVERAGE 14911 QUORUM DRIVE SUITE 200 DALLAS TX 75254 2250000 0 ECONOMIC INCENTIVE KAPAL EQUIPMENT LLC 508 S NEVADA AVE WESLACO TX 78596 8828 0 ECONOMIC INCENTIVE OL RE HOLDINGS LLC 6010 W SPRING CREEK PARKWAY PLANO TX 75024 32000 0 ECONOMIC INCENTIVE SHOPS AT N BRIDGE LLC 245 LUTHER DRIVE SAN ANTONIO TX 78212 97407 0 ECONOMIC INCENTIVE SOUTH TEXAS COLLEGE 3201 PECAN BLVD MCALLEN TX 78501 36000 0 ECONOMIC INCENTIVES TED SUNDERLAND 203 E BUS 83 SUITE 108 WESLACO TX 78596 15000 0 ECONOMIC INCENTIVES VIDA 1715 E PIKE WESLACO TX 78596 70000 0 GENERAL OPERATIONS Z&L ENTERPRISES INC 702 W EXPRESSWAY 83 SUITE 100 WESLACO TX 78596 63442 0 ECONOMIC INCENTIVES 0 14 TENANT IMPROVEMENTS 4 9570 TENANT IMPROVEMENTS A WESLACO EDC 742588704 2012-12-20 REFUNDING BOND ISSUE A 2870000 105000 false false false true Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: GENERAL ADMINISTRATION EXPENSE $243,682INTEREST ON LONG-TERM DEBT $ 77,293 TOTAL $320,975 Form 990, Part VI, Section A, Line 7b CITY OF WESLACO RESERVES THE RIGHT TO APPOINT/APPROVE THE BOARD OF MEMBERS AND THE EXECUTIVE DIRECTOR, ALSO THEY APPROVE THE BUDGET AND EXPENDITURES THAT EXCEED CERTAIN THRESHOLD. Form 990, Part VI, Section B, Line 11b THE 990 FORM WAS INITIALLY PROVIDED TO THE ACCOUNTANT AND EXECUTIVE DIRECTOR FOR THEIR REVIEW. ADDITIONALLY THE RETURN WAS PRESENTED TO THE BOARD ON THEIR MONTHLY BOARD MEETING. Form 990, Part VI, Section B, Line 12c EACH BOARD MEMBER SIGN CONFLICT OF INTEREST POLICY PRIOR TO SERVING IN THE BOARD. Form 990, Part VI, Section C, Line 19 CITIZENS FROM THE COMMUNITY ARE PROVIDED GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT UPON REQUEST. CITY OF WESLACO 255 S KANSAS AVE WESLACO TX 78596 CITY GOVERNMENT TX MUNICIPAL GOVERNMENTAL N/A false false false false false false false false false false false false false false false false false false false false