Lakeway voters approve $17.5 million haul bond
More than two-thirds of Lakeway voters approved the city’s $17.5 million transportation bond in Tuesday’s election.
The bond proposal, which was approved by city council in August, will pay for 11 projects such as the widening of MR 620, road resurfacing, culvert improvements, road construction and the addition of traffic and sidewalk lights.
Lakeway residents voted 6,802 to 3,394, or 66.7%, in favor of the bond, which city officials say will raise taxes by $6.58 per month on a home worth average of $693,000.
Acting City Manager Joseph Molis said a few projects, such as road resurfacing, could begin within a year.
The bond called for the resurfacing of Lakeway Boulevard, Lakeway Drive, and Lohmans Crossing, Lakeway’s largest and busiest streets. City officials said some of the roads have exceeded the average lifespan of 20 years and were affected by wear and tear from this year’s historic winter storm.
Another of the biggest projects is the widening of RM 620 to reduce traffic congestion.
Molis said the project schedule is important, and there are plans to do more bigger projects over the summer to avoid school traffic.
“We can’t do them all at once,” Molis said.
The bond also calls for repairing rusted culverts at Lakeway Drive and Top ‘O the Lake Drive and adding a sidewalk on the east side of MR 620 along Dave Drive. The installation of a traffic light at the intersection of Lohmans Crossing and Main Street is planned once Main Street is completed. Once residential and commercial development is approved for the Flint Rock Road and Wild Cherry Drive area, this intersection will also have a traffic light.
Molis said it was important to fund projects voters value.
“The fact that we had overwhelming support for the tie from our constituents,” he said, “tells us that we are headed in the right direction.”