Council approves ‘forgivable loan’
City council members, meeting in regular session Monday, gave first-reading approval to a “forgivable loan” of just over $50,000 to the developers of the proposed Hunter’s Chase Senior Living Apartments projects on East Belton Avenue.
Funds w ill come from the Rockdale Municipal Development District (MDD) which met before the council session to give formal approval to the project.
Tom Manskey, MDD executive director, said the loans cover “off site water and sewer projects” and would be forgiven when improvements are complete.
“Our intention is to line up this area for future development,” he said. “We want to get these guys off center. We ought to see them start ‘throwing some dirt’ out there pretty soon.”
WATER—Council members discussed Rockdale’s ongoing dirty water problems with City Manager Kelvin Knauf noting crews are working on lines “piece by piece.”
Mayor Larry Jones noted that a study placed a $28-million price tag on a project to fix “red water” issues and pointed out there was some opposition when a $2-million water tower project hiked water bills $6 last year.
The council also heard a report from County Judge Dave Barkemeyer on a coordinated ta x phase-in (abatement) project and authorized Knauf to begin negotiations on a new water tower. (See photos, pages 3A and 5B.)