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Council reallocates bond proceeds to advance Blakey Lane extension; staff to identify remaining funding
Summary
Council approved directing previously authorized bond proceeds to the Blakey Lane project and asked staff to use transportation impact fees and other sources to fill the expected shortfall.
The Bastrop City Council voted Feb. 25 to reallocate previously authorized borrowing (bond series 2023 allocations) to help fund the Blakey Lane extension and related right‑of‑way work. Staff said the current opinion of probable cost for Blakey Lane is roughly $9.5 million; existing earmarked funds cover only part of that amount, leaving a shortfall of approximately $6.2 million.
What staff recommended: City staff explained that the city previously issued bonding authority with allocations for other projects (Gills Branch…
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