As we reported this morning, El Paso County Commissioners are set to vote on the required notification to allow the University Medical Center of El Paso (UMC) to issue $400 million in certificates of obligation. We sent emails to county commissioners Iliana Holguin, Carlos Leon, David Stout and Carl Robinson, and county judge Ricardo Samaniego asking for their comments. We asked for their responses by noon, El Paso time so that we could include them in this follow up article.
However, we received several comments from other individuals suggesting that UMC is not seeking $400 million in certificates of obligation. Instead, we were told that they will be asking for a credit line.
Late yesterday we were provided a recording of the UMC Board of Managers meeting. The individual that provided the recording asked for anonymity. To clarify what was voted on and in the interest of transparency we are publishing the recording so that readers can listen for themselves to what was said and what was voted on.
As readers can hear, the UMC officials were not asking for a credit line as they clearly asked for $400 million in certificates of obligation.
We will be monitoring the county commissioners meeting tomorrow and we will report on the issue and how commissioners voted on the item as soon as the information is available.
Stay tuned to El Paso News for this developing story.
Martín Paredes became a partner of Politico Campaigns, a political campaign management firm, in June 2022. The views and opinion expressed in our publication are those of Paredes and do not necessarily represent the views of the firm or its other partners. El Paso News is funded primarily by Paredes, in part by donations from readers and online advertisement. Politico Campaigns plays no role in our reporting. El Paso News has an open editorial policy encouraging any author to submit any article from any point of view for consideration to be published on El Paso News.