Certificates of Obligation to be used for $2.7m project
By KIM ESTES
Four Points News
Travis County commissioners have decided to use Certificates of Obligation as a new funding mechanism for priority safety projects, with one of those being construction of a Steiner Ranch evacuation route, said Brigid Shea, Precinct 2 commissioner.
“The first wave of safety projects using this new CO funding approach will be voted on February 28 by Commissioners Court,” said Shea.
At Four Points News press time, it was not known if the matter was approved.
“Travis County has historically relied on voter-approved bonds to fund projects every five to seven years,” Shea said.
The next bond election is tentatively scheduled for this coming November.
“Since this project (the Steiner evacuation route) is one of the Travis County’s highest priorities, we are not waiting on the 2017 bond referendum. Commissioner’s Court will make a decision on whether or not to approve the CO’s for this project along with four other projects,” said David Greear, Transportation and Natural Resources engineering division manager.
Four Points News detailed the Travis County evacuation road plans in the Feb. 15 edition.
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