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Seton to invest $900,000 in infrastructure for new Bastrop hospital

Seton Family of Hospitals has turned dirt on the 32-acre site near the intersection at Texas 71 and Texas 304 in Bastrop, where it’s building a future neighborhood hospital.

On July 20, Seton’s contractors began installing utility improvements, the first step toward the hospital’s construction. On Tuesday, the Bastrop City Council approved an agreement that would cause Seton to deposit $896,317 into an escrow account to ensure that those utility improvement projects will be completed.

The $896,317 amount is the estimated cost of the installation of a public lift station, wastewater improvements and potable water improvements. The money will be held by a third-party escrow agent at Heritage Title Co. of Austin. Under the agreement, the title company will hold the money until the utility improvement projects are completed, at which point those funds will be released to Seton.

“If they don’t build it, we’ll have the funds to go finish it,” Bastrop interim City Engineer Jerry Palady told the council Tuesday night.

The agreement comes nearly two months after Bastrop, Bastrop County and Seton executives celebrated the hospital’s groundbreaking in early May.

The $30 million medical facility is slated to be completed by spring 2019 and is designed to scale up alongside Bastrop County’s booming population growth.

Read the full article at Statesman.com