Wednesday, July 2, 2014
The undead
At the stroke of midnight yesterday, June 30, the the developer of the proposed Central Texas Airport failed to meet the second deadline for the completion of Phase One of the CTA as required in Section 9 of the 381 Agreement with Bastrop County. It’s been a long four years since the contentious deal was unanimously approved by the Commissioners in June of 2010 and we’ve waited patiently for this day to arrive. But hold the celebration! The termination clause in Section 9 (c) of the 381 Agreement reads as follows:
So the 381 Agreement is still alive and well despite the failure of the developer to fulfill the conditions of the contract. Termination of the deal will require action by the County. Will they step up and get this undead thing off the books? Or will it linger in an indefinite state of limbo.
Enough is enough. Time to put an end to this boondoggle once and for all.
