As many of you know I have been following and posting news about the the Yarrabee BEND, Onion Creek Floodzone Buyout in area of Austin, Texas. The City of Austin- FEMA buyout is winding down, the US Corp of Engineers will take over the next phase of the project.
This week I spoke with one of the project managers, Melinda Ruby at the City of Austin and here is the latest news, the Project beginning has been set back about 60days at this time, The offices are not ready or occupied with staff as of now. So it looks like we could be October 2008 for a start-up time and possibly as late as January 2009 for the first round of buyouts.
The maps for the first round of buyouts have not been determined yet. What this means to people in the area is ... maybe we shouldn't go shopping for that new home this week? If I lived in the area I would just keep it all in the backburner and go about my summer plans as normal.
Some people have received an initial letter of information from the US CORP of ENGINEERS advising them of the impending buyout. If you have questions contact the person named on the letter. This buyout will affect approximately 300 homes in the area of Yarrabee Bend, Onion Creek Forest of Austin Texas. The expected time frame for the project will span about 5 years, from 2008- 2013.
Keep watching the blogs for updated information, don't hesitate to call me for information or questions and when you need a Realtor.... its my job and I'm pretty darn good at it... I would like to be your Realtor of choice when you need to make that choice. Gail Tassey, Keller Williams Realty, 512-217-9482 mobile, 512-531-2926 office/voicemail. or just shoot me an email.. gailnttexas@gmail.com
