Tuesday, March 28, 2017

Open Space park funding is a top city budget priority

From the Petoskey News-Review: Developing a city budget is always a complex task, but this year Boyne City officials must also decide how they will come up with about $1.6 million to buy property for a waterfront park. City staff and the city commission recently began hammering out details of the annual budget and finding the money to purchase the property at 475 North Lake St. - currently known as the Open Space park is at the top of the to-do list. In December, the Michigan Department of Natural Resources Trust Fund Board approved a grant of up to $2.4 million to help pay for the purchase of the property. City manager Michael Cain has estimated that the "worst case scenario for what the city would need to raise to pay for its share of the purchase is about $1.6 million to $1.7 million." Full story.

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