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Bastrop delays $20 million bond authorization for second time

Bastrop City Council approved a resolution Sept. 23 to delay action on an ordinance that would authorize the issuance of certificates of obligation worth $20 million—financing that will fund several park improvements.

It was the second time members delayed action, as they were previously set to vote on the ordinance Aug. 26.

The details: The delays are in response to the need to complete an annual comprehensive financial report—a document needed for the issuance of the certificates of obligation, according to city documents.

“The city of Bastrop’s external auditors are thoroughly reviewing the financial status of the city of Bastrop, and are estimating the audit to be completed by the end of September,” Bastrop Finance Director Judy Sandroussi said in a staff report.

 
In Your Backyard
Texas awards $1.3 million grant to Elgin manufacturer

Approximately $1.3 million was awarded to Yerico Manufacturing through the Texas Semiconductor Innovation Fund—financing that will assist with the Elgin-based company’s ongoing expansion efforts.

The details: Texas Gov. Greg Abbott made the announcement Sept. 24.

“Yerico’s $13 million expansion of their semiconductor equipment refurbishment and repair facility in Elgin will help support the increased demand for chip production in Texas and around the world,” he said in a statement. “With significant investments from global technology and manufacturing leaders, Texas will continue to partner with industry innovators to ensure supply chain resilience and solidify our dominance in domestic semiconductor manufacturing.”

Some background: The TSIF grant was established after Abbott signed House Bill 5174, also known as the Texas CHIPS Act, into law in June 2023. The legislation aims to bring Texas to the forefront of semiconductor research, design and manufacturing. 

 
Neighboring News
Smokey Mo’s BBQ celebrates 25 years in Texas

Smokey Mo’s BBQ is marking 25 years of serving authentic Texas barbecue.

The backstory: The restaurant chain was founded in Cedar Park in July 2000 by Morris “Mo” and Lisa Melchor, a married couple who wanted to share their passion for classic Texas barbecue. The popularity of their first store led them to expand, and Smokey Mo’s now has 21 locations throughout Texas. 

What they offer: The restaurant is known for its ribs, brisket, sausages and pork belly burnt ends, in addition to a wide range of sides from mac and cheese to potato salad. All meats are smoked in-house daily, according to the company’s website.

What else? Bastrop is set to get its first Smokey Mo's later this year in Burleson Crossing.

 

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Leslie Bradshaw
General Manager

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