City seeks financing for street improvements

By Jan White
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CROCKETT – During the Monday, May 2 meeting of the Crockett City Council, the board approved a resolution authorizing the filing of an application for financial assistance from the State Infrastructure Bank.

City Manager John Angerstein explained that it was the intent of the City of Crockett to rehabilitate several heavily trafficked streets and major arterial streets within the city limits that are currently in substandard condition. The streets identified for repair are MLK from W. Bell Avenue to State Loop 304, W. Houston from the railroad tracks to S. Durrett Drive,  E. Bell Avenue from South Fourth Street to Brazos Street, Cedar Street from W. Goliad Avenue to W. Bell Avenue, North Grace Street from E. Houston Avenue to 970 LF North of E. San Jacinto Avenue, South Grace Street from E. Houston Avenue to E. Goliad Avenue, South 10th Street from E. Goliad Avenue to E. Bowie Avenue, and South Seventh Street from E. Goliad Avenue to E. Bowie Avenue. There were three other qualifying streets on the list, but repairs on those would depend on the budget. Angerstein noted that although there are other streets in need of repair as much as those listed above, they don’t qualify for this particular funding. 

The city will seek financing from the Texas State Infrastructure Bank (SIB), which offers eligible borrowers the opportunity for financial assistance at or below market rate loans. Ben Rosenberg with U.S. Capital Advisors gave additional information on SIB loans and the advantages of such loans.

The board also discussed and approved the fiscal year 2023 Budget Planning Calendar. Over the next few months, members will prepare and present their budget estimates. On August 1, a draft of the Fiscal Year 2023 budget will be placed in the City Hall foyer and on the website www.crockettexas.org for public viewing and public notice 15 days before the Ad Valorem Tax Rate Public Hearing. The Public Hearing on the Fiscal Year 2023 Budget and the 2022 Ad Valorem Tax Rate will occur at the City Council meeting on August 15, after which the council will vote on whether or not to approve those items.

The council briefly adjourned to an executive session. After reconvening, members approved Ernest Standley as Crockett Fire Marshal.