THE VILLAGE OF BEAR LAKE will be having a Special Meeting for the public on:
New DPW Maintenance Building
Water Well System Project
Meeting date: Monday, May 14, 2018
Meeting Time: 5pm
Location: Bear Lake Village Hall
12376 Virginia Street, Bear Lake, Michigan 49614
Persons with disabilities needing accommodations for effective participation in the public hearing/public meeting should contact the Bear Lake Village Clerk at 231.970.2066 or at the above address to request mobility, visual, hearing, or other assistance.
Cindi McPherson Village Clerk May 11, 2018 posted.
No additional information has been supplied- we have requested an Agenda.
Village of Bear Lake Regular Meetings are held on the 3rd Wednesday of the Month (In May this is the 16th), beginning at 7:00pm.
Conference Call-In to listen to council meetings can be done by calling 1.302.202.1107, Conference code 149002. Note: a charge from your phone carrier could apply – we suggest using Google or Skype.
It is assumed the first item refers to a Petition for a Referendum Vote, signed by 1/4 of Village voters to decide the proposal to enter into another 30 year debt of $350,000 at the stated rate of 3.5%.
The Council must approve Ballot language by May 15, 2018 in order for this to be on the same August Ballot as the Referendum vote to decided whether to abandon voting for the positions of Village Clerk and Treasurer and allow both to become appointed employees.
At that % interest rate the repayment would be @$1600 a month.
Numerous residents have asked, unsuccessfully for the site plans, the repayment schedule and cost of the overall loan, plus the building plans. At the suggestion of the current Village President, two past Village Presidents have formally requested the Maintenance Building loan application package.
The history of this project can be viewed here:
It should be noted there is no information on bearlakemichigan.org
The following was published once in the Manistee News Advocate on April 2. It has not been published by the Village. A local resident placed a print copy at the Bear Lake Post Office.It is assumed the other item on the Agenda is to approve the purchase of Municipal Bonds – $1.46m over 40 years at 1.875% to finance water system improvements. =$53K per year, $12,133 in Repair, Replacement & interest, $5,300K in Bond Reserve.