Pleasanton, TX (October 2025) – Atascosa CAD announces the acquisition of a new facility with plans for renovation. The facility, previously a fitness center, will be renovated into space for board meetings and hearings as well as office space to accommodate future growth. The District plans to begin renovations as soon as possible in order to utilize the new space for Appraisal Review Board meetings by late spring of 2026.
MVBA Law served as General Counsel to Atascosa CAD. Financing for the acquisition and renovations was provided by Government Capital Corporation, Southlake, Texas in compliance with Texas Senate Bill 2073. This new legislation enables Appraisal Districts to enter into mortgage agreements for real estate acquisitions.
“Atascosa Central Appraisal District was seeking to ensure fiscal responsibility and the best use of taxpayer dollars by investing in a cost-effective solution to secure a permanent location,” Michelle Berdeaux, former Chief Appraiser for Atascosa CAD, shared regarding the inception of this acquisition. “Government Capital’s expertise allowed for that solution while also allowing for the long-term growth that the District will require.”
“I came into this project towards the middle, and Government Capital walked me through where we were and what steps were next,” Brandi Royal, Chief Appraiser at Atascosa CAD, shared of her experience completing the financing. “What was at first an intimidating task became an overwhelming success thanks to the Gov Cap team.”
“I want to congratulate Brandi Royal and Atascosa CAD on this milestone acquisition,” Drew Whitington, Vice President, Government Capital Corporation commented. “We take great pride in partnering with Texas appraisal districts to support them in working through the unique methodologies for financing real estate now permitted under SB 2073.”
About Atascosa CAD
Atascosa Central Appraisal District is responsible for appraising all real and business personal property within Atascosa County in South Texas. The district appraises property according to the Texas Property Tax Code and the Uniform Standards of Professional Appraisal Practices (USPAP). To learn more about Atascosa CAD, visit atascosacad.com.
About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $7 billion in Texas and across the country. For more information, visit www.govcap.com.