Bastrop, Tx– The Bastrop City Council began the final process Oct. 27 for borrowing roughly $5 million to complete construction of a new city hall and convention center on Chestnut St. beginning early next year. When the council met Tuesday it authorized the publication of notice that Bastrop plans to issue debt to complete financing for the new projects which have been in the planning stages for more than two years.
In an interview Oct. 28 Bastrop City Manager Mike Talbot said the final bond issue amounts will not be determined until later this year after the city opens construction bids for the two projects Dec. 8 and and awards a contract before Christmas. Late last year the city borrowed initial money for the projects, chiefly to cover final engineering and design costs.
Construction of the new municipal builings should begin early in 2010.