Jasper Utility Board Approves Financing Package (with VIDEO)

UPDATE… The Jasper Utility Services Board Monday night approved a conditional financing package to raise the level of Beaver Lake.

The total package is about $470,000.

The package includes a $140,000 down payment paid for by current land owners and recreational users of the lake east of Jasper. Also included is $50,000 in cash from the Jasper Water Department which will be paid for by water customers of the city’s water utility.

The majority of the package is a 180 thousand dollar loan from the city’s water department to be paid for with increases in rental and user fees at the lake over the next five years.

The financing package has some contingencies to it including the group Friends of Beaver Lake coming up with proper security for the $180,000 amount and formal approval from the Jasper City Council Council which meets Wednesday.

The financing package is the result of the Utility Board wanting to form a public/private partnership with the lake’ current landowners and recreation users.

Utility board member Wayne Schuetter says the partnership will result in current land owners and recreation users benefiting with the lake level being raised and the city will benefit with having additional backup water supply.

More to follow on NNDC.

Here is our earlier story on Beaver Lake Group gathering Sunday to raise needed money for the then proposed financing package….

BEAVER LAKE (NNDC) – A large group of those who live or recreate at Beaver Lake gathered Sunday as they remain unified in their quest to get the lake’s water level raised.

Many of those who live and play at the popular lake east of Jasper say the lake’s level is a foot lower than it was before the state said Beaver’s dam & spillway had to be rebuilt to meet new flood control standards…

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