PLEASE BE AWARE! The coming Village Council meeting, Feb. 13, may be the meeting that the decision is made regarding the proposed $5 million DDA bond issue.
Be vigilant and attend this meeting or contact your council members to let your feelings be known.
Remember, if the DDA can’t make the required payments that the Village of Lake Orion (you the citizens) will have to make up the shortfall.
Harry Stephen
Lake Orion
Be vigilant, attend the village council meetings on Feb. 13 added by mmkelley on
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I attended the DDA budget meeting on February 7 where the upcoming DDA budget was discussed, and presumably the budget that will be presented to the Village Council. While the payment of the bond was in the budget, although the final cost is still unknown, there was nothing about how the $5 million will be used. In other words, while they will be paying the bond debt at about $400,000 per year for the next 17 to 18 years, they are not saying how they will spend the $5 million. It also needs to be noted that while the bond is being promoted as $5 million, the cost to the taxpayers to pay the bond and interest will be around $7 million. While notified of this shortcoming in the budget information, the DDA Board took no action to add or amend the budget information.