The financial burden if sewer bond passes
January 28, 2021
SEELEY LAKE - As you may know, I am OPPOSED to the General Obligation Bond for the Seeley Lake Sewer project that we will be voting on in February.
Phase I voters will be voting on a Revenue Bond and the General Obligation Bond and both have to pass to get funded. If the Bond were to pass there will be funding available for the sewer and collection system for Phase I. Phase I people will find the following components charged to them every year: the debt for the General Obligation Bond, the debt for the Revenue Bond, Operation and Maintenance for using the sewer and an Assessment Fee for...
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