By KIM ESTES
Four Points News
A competitive bond sale was scheduled on April 18, as Travis County put plans into action for the issuance of $48.5 million in certificates of obligation to fund a variety of projects, including an emergency evacuation route for Steiner Ranch.
On Feb. 28, county commissioners unanimously approved funding for the flight path as part of a list of priority safety projects to be paid for through COs, a debt funding mechanism that does not require voter approval.
Currently, only $2.7 million of the total issuance is for the Steiner evacuation route as initially drafted and estimated. Commissioners have said that specific details of the road are incomplete. “At this point, Travis County is in the planning and feasibility phase and will be evaluating how best to provide an emergency access,” said David Greear, Transportation and Natural Resources engineering division manager with Travis County.