What You Don't See...
Fri., Sept. 1, 1995
* Water service for Lantana. A $4.1 million interest-free loan from FM Properties will pay for the water system for this property, which backs up to the southern portion of the company's Barton Creek PUD. The city will reimburse FMP from water revenues over a three-year period, rather than issuing revenue debt, as would normally be the case.
* The baseball stadium. Following public pressure, the council decided to allow a public vote on issuing $10 million in bonds
for the city's part of the proposed $22 million
stadium in Southeast Austin. If voters approve the stadium on October 7, the bond sale will take place in September, 1996.
* The Central City Entertainment Center. About $8.8 million for the center was actually added to the current capital budget on June 22, but because of its late addition, it's still considered a new project. Most of the funding will come from an $8.2 million HUD loan. - A.M.
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