News

Okoboji City Council Decides To Proceed With Lakeshore Drive Project & To Refinance Some Existing Debt

Wed 1-13-2021

(Okoboji)-- Lakeshore Drive was once again a major topic of discussion at last (Tues.) evening's Okoboji City Council meeting. The council had been looking at a couple of options, including a complete reconstruction of the road along with the replacement of some storm sewer and water mains. That would have an estimated price tag of roughly $16 million. They opted instead to go with a less costly option and decided to re-surface the road. City Administrator Michael Meyers...Meyers & Lakeshore Drive 

"So this would be more or less the entire stretch of Lakeshore Drive from north to south. It will be a mill and overlay of the street and then looking to the future we hope to address some other infrastructure issues pertaining to our water. The council originally started weighing whether we should do both of them together but we've decided to parce those out and move forward with the Lakeshore Drive project, which again is re-surfacing and some storm water infrastructure work, the re-surfacing of the Spier Park parking lot, and we can expect that to be late summer of late 2021."

The council also approved the re-financing of some existing debt. Meyers says it will result in a considerable savings on interest...Meyers & Debt Refinancing 

"We're excited that will save the city $272,000 over the next 10 budget years, which is about $25,000 per year. So we had a great opportunity today to re-finance that debt and then moving forward in future meetings we'll consider this new money debt for the Lakeshore Drive project."

The Okoboji City Council also set February 9th as the date for a public hearing on a proposal from the city's Planning and Zoning Commission to establish an A-2 Conservation Zoning District and to make amendments to the existing A-1 Agriculture Zoning District.

There was also considerable discussion over some docks in the Dixon Beach area of West Lake Okoboji. We'll have more on that in upcoming newscasts.