Funding for the CIP comes from various sources, such as the city’s capital reserves, road maintenance tax and general obligation bonds.
Among other items scheduled to be discussed is an amendment to a development agreement Lakeway City Council recently approved for housing and commercial space planned by Cherry Knoll LLC. The amendment, once signed, would bring to conclusion any current legal action or arbitration between Cherry Knoll, according to a city staff report. The agreement, a planned unit development, or PUD, approved by council includes zoning for land at the intersection of Wild Cherry Drive and Flint Rock Road.
Also up for discussion by council is a set of revisions to its emergency order established in response to the COVID-19 pandemic. The revisions address a number of items, including how to reopen city buildings once city employees wanting to receive COVID-19 vaccinations have had the chance to do so and how to roll back an order that temporarily suspended delivery hour restrictions for city grocery stores, hospitals and medical facilities.