1/20/2024 0 Comments Hawaiian dredging construction co"(Public Works Director) Joe Schroeder made a comment that this lake is at the end of its life cycle. His reasons behind his support are simple: the near century-old lake is close to reaching its life cycle. Jeff Smith is among the council members who backs the proposed dredging project, which would remove phosphorus-rich soft sediment on the lake bottom via mechanical equipment. According to state law, the mayor does not have the authority to vote on any ordinances or or proposal that "expends" or "appropriates" money. While Everson is convinced that mechanically dredging the soft sediment will have a profound impact on the lake, he will not have the ability to vote on the SRF loan application if the council votes in a 4-4 tie. Tackling the lake's algae woes that have hampered the city-owned body of water for decades has been a top priority for Mitchell Mayor Bob Everson, who is in the midst of his second term. The city has $1.9 million in its lake fund, which the council could authorize to assist in funding dredging. Another funding source the city plans to use to finance dredging is revenue made from the sale of eight city-owned lake lots, which voters approved to allow the city to sell during the June 6 election.Ī local nonprofit organization called Friends of Firesteel has also pledged to raise more than $3 million to help fund dredging. The city is seeking to utilize a 30-year fixed rate loan through the State Revolving Loan Fund, more commonly known as an SRF loan. On Monday, the council will meet to discuss the financing of the dredging project in a work session. We'll find out more Monday night, and that will help me make my decision," McCardle said. ![]() "I'm still gathering all the information as to how this will be paid for.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |