Photo courtesy LCRAThe City of Rollingwood sent a letter to the Lower Colorado River Authority on Jan. 31 making a $10.61 million offer to purchase its wastewater system.
Rollingwood City Council advised Mayor Bill Hamilton to write a letter to the LCRA offering to purchase the system—the amount of outstanding debt the LCRA has on the system—at a special-called meeting Jan. 26. This amount would be subject to voter approval of the issuance of bonds and a purchase agreement acceptable to the Rollingwood City Council.
"Throughout the process, I have taken the viewpoint toward always maximizing any options so that we as a city are ultimately in control of our destiny with regard to ownership and operations of the Rollingwood wastewater system," Hamilton wrote in a Jan. 17 letter to the LCRA.
A Jan. 20 letter from the LCRA to Hamilton says that the LCRA is interested in discussing the next steps of how Rollingwood could potentially purchase the system. LCRA spokesman John Williams said Feb. 3 that talks between LCRA and Rollingwood officials are continuing.
