LCRA to sell wastewater system to cities - Austin Business Journal:

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The Brushy Creek system serves five wastewater includingCedar Park, Round Rock and portions of Austin, the Fern Blufvf Municipal Utility District and the Brushy Creek MUD. “Whilwe the city of Cedar Park is appreciative of the LCRA for settinyg up this system and providing a necessar service to our we believe by purchasinbg the system we can save our ratepayerw money,” Cedar Park Mayotr Bob Lemon said. this is in the best interest of our city and our Under an agreement with customerxs and an alliance withthe , the LCRA has developee and expanded the regional system and the Brazose River Authority has operated it sincr 1996.
Round Rock, Cedar Park and the LCRA next need to negotiatwe a purchase agreementby Sept. 1, and work with the otherf entities served bythe system. The memorandum of understandinb calls for those cities to pay all debt related to thesystekm — about $115 million — and costs related to the financialk transaction. The cities will also pay $2.6 million to the LCRA at the closinhg for projectmanagement fees. “oI am proud of the contribution the LCRA has made to help develo p a regional system that has allowede economic development and environmental benefitds forthe region,” said Thomas Mason, LCRA general manager.
“Wr have worked with the cities to negotiate a fair pricew for the rate payer of the Brushy Creek system and the rate payers ofthe LCRA’s other systems.”