Burnet city leaders are considering using a federal program that would allow for a split-cost buyout of properties severely damaged by the Fourth of July weekend flood. The program is completely voluntary, and it would ultimately be up to the property owners to decide whether or not they wanted to make a deal.
According to Burnet City Manager David Vaughn, 13 properties in the city have been identified as substantially damaged in the flood. The owners of 10 of those properties have expressed interest in a potential buyout; however, the City Council is still determining the best course of action to move forward.
“At this point, the council has not 100 percent committed to do this,” Vaughn told DailyTrib.com. “Many of these properties could technically be rebuilt, but it wouldn’t be financ