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Bandera staff outlines $7.5 million street‑rehab concept; council weighs EDC partnership
Summary
City staff presented a hypothetical complete in‑place street rehabilitation program estimated at $7.5 million and discussed asking the EDC to fund half; staff modeled a $3.75 million loan over 25 years with an estimated $255,000 annual debt service and a small tax‑rate impact.
City of Bandera staff on July 9 described a concept to rehabilitate most of the city's street inventory using an in‑place process (milling to reuse as base, installing 12‑inch ribbon curbs, compacting and laying hot mix asphalt) and estimated a hypothetical total project cost of about $7.5 million.
Staff said a scenario where the Economic Development Corporation (EDC) funded half…
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