The Village of Lakeway was incorporated in June of 1974 as a general law municipality, which was governed by a board of commissioners and a mayor until 1983. From 1983 to mid-1990, the Village of Lakeway functioned as an aldermanic form of government, consisting of aldermen and a mayor. In the state of Texas, a general law city derives all its powers and duties form the Local Government Code of the State Constitution. 

Once the recorded population reached over 5,000 residents in 1990, the Village of Lakeway met the State's requirement for becoming a home rule city. City officials adopted a city charter, which was approved by the voters in an election in May,1990, thereby establishing the City of Lakeway as a self-governing municipality.

In accordance with the Lakeway City Charter, the City of Lakeway operates as a council-manager form of government. The mayor and six councilmembers are elected officials who may serve up to three two-year terms and act as the legislative body of the City. The city manager reports directly to the city council and administers the day-to-day affairs of the city, implementing the policies established by council and ensuring that the city operates in a fiscally responsible manner.

Past & Present Elected Officials
Mayors
N.C. Herndon	1974-1975		Burton C. Barnes	1993-1995
James T. Gribble	1975-1983		Jack O’Neill	1995-1999
C. Kenneth Shepherd	1983-1987 & 1990-1991		Charles A. Edwards	1999-2003
C. Ed Smith, Jr.	1987-1989		Gerry Astorino	2003-2005
Richard McLarnon	1989-1990		Steve Swan	2005-2009
Coleman Rowland	1991-1993		Dave DeOme	2009-Present
Commissioners
Robert J, Derby	1974-1975		O.I. Torkelsen	1975-1981
James T. Gribble	1974-1975		Leo G. Gravis	1981-1983
Manson G. Stell	1975-1981		C. Ed Smith, Jr.	1981-1983
Aldermen/Alderwomen
C. Ed Smith, Jr.	1983-1987		Richard C. Knowles	1986-1989
James R. Hastings	1983-1986		Nat S. Kendall	1986-1990
Sam Huser	1983-1986		Roger J. Schuler	1987-1990
J. Sloan Leonard	1983-1988		William M. Evans	1988-1990
Kenneth W. Kennedy	1983-1990		Veronica D. Bennett	1989-1990
Councilmembers
Nat S. Kendall	1990-1992		Richard Friedrich	2000-2002
Kenneth W. Kennedy	1990-1992		Ed Viska	2001-2003
Roger J. Schuler	1990-1991		George Blume	2001-2005
Guy Brown, Jr.	1990-1992		Karl Ansbach	2002-2006
Veronica D. Bennett	1990-1993		Mike Doherty	2002-2006
Burt Folsom	1992-1994		Glenda Foreman	2002-2008
Ray Norris	1992-1994 & 1998-2002		Steve Swan	2003-2005
Jim Finneran	1991-1995		Julianne DeBower	2005-2007
Jim Teddlie	1993-1995		Bob Neighbors	2005-2009
Elsa Hopkins	1992-1996		Dave DeOme	2006-2009
Roy Hollowell	1994-1996		Bill Rhue	2006-2008
Richard T. Shultz	1994-1998		Don Karges	2007-2009
John Champeny	1995-1997		Alan Tye	2007-Present
LaNell Edwards	1995-1999		Dee Ann Burns-Farrell	2008-Present
Bonnie Grubbe	1996-1998		Bruce Harris	2008-Present
John Riley	1997-2001		Joe Bain	2009-Present
Ann Gribble	1998-2000		Dave Taylor	2009-Present
Gerry Astorino	1998-2002		Dennis Wallace	2009-Present
Hester Currens	1999-2001

  
Boundary Changes Over the Years - Lakeway Annexation History Map