TRANSPORTATION UPDATES Lakeway OKs bond election
REGIONAL PROJECT
LAKEWAY’S ROAD BOND Lakeway voters will consider a $17.47 million transportation bond for the Nov. 8 election. Projects that could be funded through the bond include:
620
183
$4.3M: resurface Lakeway Boulevard $4.2M: extend Main Street to The Enclave property or extend Birrell Street $3.22M: acquire right of way for the RM 620 widening project $1.8M: resurface Lakeway Drive $1.5M: resurface Lohmans Crossing $1M: improve culverts on Lakeway Drive $800K: improve culverts on Top ‘O the Lake Drive $391K: new tra c signal at Flint Rock Road and Wild Cherry Drive $159K: new sidewalk on Dave Drive $100K: new tra c signal at Lohmans Crossing and Main Street
MOPAC
BY TAYLOR CRIPE
Lakeway City Council called a $17.47 million transportation bond for the Nov. 8 election at its Aug. 15 meeting. City sta have been working for about eight months with an engineering consultant to outline projects in a bond proposition, including drainage improvements, road extensions and resurfacing. In terms of scal impact, City Manager Julie Oakley said the debt service incurred by the bond will be $1.18 million annually. This will also increase the city’s interest and sinking, or I&S, tax rate by $0.0114. The increase in the I&S tax rate would increase the tax levy, or tax amount, the average homeowner in Lakeway pays by an estimated $6.58 per month, she said. Mayor Pro Tem Gretchen Vance
360
N
183 North Mobility Project Crews are working on bridge foun- dations and installing high-mast LED lights to improve visibility along the US 183 corridor. Pavement grinding will continue through September. The project will add two toll lanes and one nontolled lane in each direction on US 183 between RM 620 and MoPac.
Timeline: 2022-26 Cost: $612 million
Funding sources: Central Texas Regional Mobility Authority, Texas Department of Transportation
SOURCE: CITY OF LAKEWAY COMMUNITY IMPACT NEWSPAPER
million bond, the city does not have to issue the funds. Oakley said the bond can also be issued in stages. For example, the city may choose to use $6 million for one project, and then use another $6 million months later for another part of the project, she said. For long-term municipal bonds,
the city also has years to use it, and the average bond does not mature for more than a decade, according to the U.S. Securities and Exchange Commission. Voters can decide whether they want the bond to be issued during the Nov. 8 election. Early voting runs Oct. 24-Nov. 4.
ONGOING PROJECT
360
PROJECT AREA
said Aug. 15 that although the voters may authorize the use of the $17.47 Road work continues to widen Hwy. 71 in west Travis County
WESTLAKE DR.
N
West Lake Hills capital improvements The city awarded Joe Bland Construc- tion a contract to complete work on ve roads—Juniper Road, Kennan Road, Cedar Oak Drive, Old Bee Caves Road and Double Fork Road—as part of its capital improvement plan. Timeline: fall 2022 Cost: $624,316 Funding source: city general fund
BY AMY DENNEY
o cer with the Texas Department of Transportation Austin District. The Texas Transportation Com- mission awarded the $12.8 million contract to Hunter Industries earlier in 2022. Additional reporting by Sumaiya Malik Timeline: May 2022-spring/summer 2024 Cost: $12.8 million Funding source: TxDOT
PALEFACE RANCH RD.
A state project to widen 3.4 miles of Hwy. 71 between RM 2322/Pace Bend Road and the Travis County/Blanco County line is now in the drainage work phase. Work began on the project in May. The contractor is working on the drain- age structures and will begin the road widening afterward for completion in late spring to early summer 2024, said Brad Wheelis, public information
71
RIVERCLIFF DR.
ALL INFORMATION ON THIS PAGE WAS UPDATED AS OF SEPT. 1. NEWS OR QUESTIONS ABOUT THESE OR OTHER LOCAL TRANSPORTATION PROJECTS? EMAIL US AT LTWNEWS COMMUNITYIMPACT.COM.
2322
N
11
LAKE TRAVIS WESTLAKE EDITION • SEPTEMBER 2022
Powered by FlippingBook