The City of Austin Watershed Department is coordinating the Buy-Out Program.
See Link below:
These are only some of the Q&A available from the City of Austin Website:
You do not have to sell your home at this time for the Onion Creek buyouts. We will skip over property owners who do not want to sell until the project’s end, which may be years away. However, at the end of the project, we will return to those who did not want to sell. At that time, we will explain the eminent domain process. Please call Elaine Ververat 512-453-5501 for more information.
Appraisals are done by a third party independent appraisal company. There are various options if you do not agree with the appraisal. This will all be explained during the buyout process.
There are six priority areas in the Onion Creek buyout area. We are currently purchasing properties in Priority Area 3. We have limited City funding left for this project and without federal funding, it may take many years to reach Priority Area 6. We are continuing to work with the federal government to get federal funding for this project.
The City of Austin is partnering with the U.S. Army Corps of Engineers on this project. The Corps of Engineers helped study the situation, identify the solution and develop the priority areas. As planned, the bulk of the funding would come from the Corps of Engineers. The federal government has approved this project as part of the 2007 Water Resources Development Act. However, they have yet to appropriate funding.