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Council approves $600,000 BEDC loan and 380 grant for Burleson Crossing East; council requires change orders return for approval
Summary
City approves interlocal loan from the Bastrop Economic Development Corporation (BEDC) and a Chapter 380 agreement to fund Highway 71 frontage and Burleson Crossing East infrastructure; council added a requirement that all change orders be returned to council for approval.
The Bastrop City Council unanimously approved April 8 an interlocal cooperative loan of $600,000 from the Bastrop Economic Development Corporation to the city to support infrastructure improvements for Burleson Crossing East and separately approved a Chapter 380 agreement that authorizes an up‑to $600,000 payment to the developer for frontage improvements along Highway 71.
The BEDC loan and the city’s payment to the developer are separate but related pieces of a funding package intended to finance road widening, left‑turn lanes, and related public improvements tied to the retail component at Highway 71 and Ed Burleson Road. City staff described the package as a 60/40 split between the city and BEDC for the public infrastructure, with the BEDC’s board to consider…
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