Posted inLocal Government, Resources

Despite hurdles, Hays County, Forestar move ahead with water deal

Hays County Commissioners are moving forward with a massive water supply contract, despite not clearing a legal hurdle called for by the water reservation and purchase agreement. Last October, Hays County officials entered into a contract with Austin-based Forestar Real Estate Group to secure the reservation and purchase of 45,000 acre-feet of water per year […]

Posted inLocal Politics, Resources

Council members push plan for AE to recover cost of line extensions

A resolution from Council Members Kathie Tovo, Laura Morrison, and Mike Martinez on Thursday’s Council agenda would instruct City Manager Marc Ott to “plan for full cost recovery of (Austin Energy) line extensions” beginning Oct. 1.   Though the Council members included some provisions for the exemption of certain affordable housing” entities, the measure would […]

Posted inResources

Austin Water officials share concerns over bond downgrade

At the most recent meeting of the Joint Committee on Austin Water Utility’s Financial Plan, utility officials shared concerns about the fate of their bond rating.   Due to similar financial circumstances, Ft. Worth’s Tarrant Regional Water District was recently downgraded by rating agencies. Assistant Director of Finance and Business Services David Anders was worried […]

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