Real Estate Investor Picked To Lead Lower Colorado River Authority

By Austin Business Journal

Gov. Rick Perry appointed Timothy Timmerman to chair the Lower Colorado River Authority Board of Directors.

Timmerman is a real estate investor, developer and owner of Commerce Texas Properties Inc. He is also a certified public accountant and licensed real estate broker, and served on the boards of Round Rock Community Foundation, St. David's Medical Center in Round Rock and Citizens Inc.

He earned his bachelor's from Texas A&M University and a Master of Business Administration from the University of Texas. He was previously LCRA vice chair and was first appointed to the board in 2008.

LCRA supplies electricity to about 1.1 people through 40 wholesalers and manages water supply and water quality for the lower Colorado River and its tributaries. The 75-year-old nonprofit is in the midst of efforts to scale back, selling off a chunk of systems worth about 3 percent of its total revenue, or about $36 million.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/austin/news/2011/01/26/real-estate-investor-picked-to-lead.html?ana=thestreet

Copyright bizjournals.com 2010

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