Clarification on last week’s MCAD article

Medina Central Appraisal District Chief Appraiser Johnette Dixon wishes to clarify reporting by the Devine News in last week’s article.
She clarified–“My board was not willing to form the conduit so we withdrew from financing with TXN Bank,” Dixon stated.
Board president Cynthia Malone summarized the situation as follows:
“The conduit entity we talked about in the past that Government Capital has offered as an option – and they would charge the one and a half (percent) or $1,800 financing fee to establish – we had notified TXN Bank that we would not be willing to use the conduit organization and that our attorney had provided us the legal advice that we did not need the conduit organization….”
In addition to the article, the Devine News posed video coverage of the May 21 MCAD board meeting on its YouTube channel. The board took no formal action on the issue during the meeting, choosing instead to gather more information in preparation for a special meeting planned for May 27.
At that meeting, the board decided to seek financing from a private individual according to Dixon who sent us an update this Tuesday.