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CORRECTION: City Council Considers $2.3 Million in Improvements

City officials already have contracting authority and some projects completed. Now, they need council’s go-ahead to pay for the projects.

 

CORRECTION: Not all of the $6.4 million council is consdering is for new projects. Finance director Jenn Pae explains:

"The $3.9 million in Bond Anticipation Notes are for work projects completed in 2011 and 2012, which included the projects you listed as well as streets projects and Detroit Ave. signalization.  The city is in essence refinancing this borrowed money for another year but all of the projects are done.

The 'new' money totaling over $2.3 million is for the projects listed on the Fiscal Officer Certificates and Ordinances. This is our capital program for 2013."

Lakewood City Council is considering a measure that would give the administration the green light to fund several projects around the city.

Some of them are already done.

There are six separate bond issuance proposals for work that includes street paving projects and upgrades to the city’s parks.

“We already have contracting authority, so we can enter into contracts,” said Jenn Pae, the city’s finance director. “This is to secure the funds for those projects.”

Those proposals include:

City council will give the measures a third reading at the next meeting, when council members are expected to vote on the issue.

Related Topics: Madison Avenue repaving, Madison Avenue traffic signalization, lakewood city council, and lakewood city hall

Donnald Heckelmoser

10:49 am on Wednesday, March 6, 2013

Please resurface and install a new tennis court net at Merl-Bunts park!

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Steve

11:52 am on Wednesday, March 6, 2013

Please, "$225,000 to build a “sheet-pile bulkhead” docks and a parking area for the Port of Lakewood at the Rocky River." This is a total waste of taxpayers money. It only caters to those that own boats, a very small percentage of Lakewood citizens. And a parking lot to boot? Why not just rent a few cribs from the marina for visitors. And there is PLENTY of parking there also. We could spend this money much more wisely, or just bank it..Who comes up with these ideas???.

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Steve

11:55 am on Wednesday, March 6, 2013

Another question, is that going to cater to the people that bought property at the point? If so, let them chip in and pay for it. I for one will never use it. I have no boat.

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