$182M bond sale approved for pipeline project

From Hill Country News, May 27, 2009...

Last Thursday, May 21, was a banner day for those who support the construction of the Brushy Creek Regional Utility Authority tri-city water infrastructure project - those opposing the project weren't quite so happy.

In a hearing in Austin, the Texas Water Development Board (TWDB) approved the sale of $182 million in bonds to fund Phase 1A of the project, which will include a pipeline along Trails End Road in Cedar Park and a water treatment plant with 17 million gallons per day capacity.

The $182 million bond sale approved on Thursday was part of a $475 million bond package funding several water infrastructure projects, including a $142 million project by the North Ft. Bend Water Authority. The bond sale is set to move forward on June 8 and 9, with a closing on July 7.

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BCRUA water system waiting out market

From Impact News, April 17, 2009...

Construction on phase 1 of the Leander, Cedar Park and Round Rock regional water system is being delayed several months to allow the financial markets to settle before the Texas Water Development Board issues approximately $309 million in bonds to pay for the first portions of the project.

Brushy Creek Regional Utility Authority Project Manager Chris Lippe said he is hopeful the wait will result in a more favorable interest rate.

“We believe [the interest rate] is going to be better than what it was a year ago,” Lippe said.

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Pipeline construction pushed back, residents push forward

From News 8 Austin, February 23, 2009...

Brushy Creek Regional Utility Authority officials have postponed the first phase of a water pipeline project. The initial phase of the project plans to put a pipeline right through the Trails End Road area, which leads down to the Lake Travis.

The pipeline will eventually pump water out to serve residents in Round Rock, Leander, and Cedar Park. Construction should have already started but it's still quiet on Trails End due to a tight economy and fewer new homes being built.

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