On August 7, 2018 Ballot Proposal #2 will give Village voters an opportunity to decide whether to approve a 30 year $350,000 Bond Proposal to construct a new Maintenance garage.
On June 12, 2018 , Bear Lake News received the following documents as a result of a protracted FOIA request.
The Village subsequently posted them to their own web site on July 2.
Previous Minutes from the DPW Building meeting contained minimal information about design, cost, location or financing.
At the February 7, 2018 Village Budget meeting the following was stated:
• Other Income – reimbursement from Water/Well Project
• Water Expense – Include $12K Repair & Maintenance per USDA
• DPW Building – $35,000.00 land purchase from Bear Lake Schools should be done by the end of FY 18/19.
However in the descriptive narrative for the project it states:
The following amortized schedule of payments were provided.
A $350,000 loan carries an additional $204,526 in interest fees = $554,526 paid by Village residents over the next 30 years.
No explanation has been provided of future use and repairs to the existing and previous Village offices, or disposition of 2 surplus vehicles.
DPW partial repayment line item is listed in the current FY operating budget consistent with the published Notice of Intent:
No Profit and Loss Reports have been received since then.