City Council met in regular session on the evening of Monday, Sept. 20 at Lakeway City Hall. Here is a brief recap from that meeting:
BUDGET/LOWER TAX RATE APPROVAL
City Council approved in a record vote (with one councilmember not present) both the FY 2022 budget and a lower tax rate of .1545, which is the lowest tax rate in Lakeway's history. The approved budget and tax rate will take effect on October 1, which is the beginning of the City's fiscal year. CLICK HERE to read more about the approved budget and tax rate.
FINANCIALS
The City of Lakeway finance director gave an update on the current state of this year's fiscal year budget. As the FY 2021 fiscal year is wrapping up, there is an additional $1,567,884 in revenue, and savings in the amount of $193,227 on the expenditures portion of the budget.
H-E-B SERENE HILLS
City Council approved (with one councilmember not present) a final plat for H-E-B Serene Hills, which would be located near the intersection of Highway 71 and Serene Hills Drive.
HILLSONG DEVELOPMENT
City Council approved (with one councilmember not present and one opposed vote) the Preliminary Plan for a development known as Hillsong, which would be located near the intersection of Flint Rock Rd. and Wild Cherry. The subdivision would consist of 126 detached single-family residential homes. The approval by City Council included an amendment to add a traffic measure to ensure vehicles only make right turns in and out of the property at Flint Rock Rd. without inhibiting emergency vehicles.
VICTIMS SERVICES
City Council approved (with one councilmember not present) a renewed interlocal agreement between the City of Lakeway and the City of Bee Cave regarding victims services. The victims services coordinator is employed by both cities through this agreement, which started in March of 2020.
CLICK HERE to view the full video and agenda from this week's city council meeting.