Council sets public hearings for re-zoning, re-financing
Wednesday, 09 January 2013 12:14
The Clear Lake City Council met Monday to set a pair of public hearing dates.
On Jan. 21 the Council invites public input to a recommendation from the Planning and Zoning Commission that the North 35th Street area known as “Green Acres” be re-zoned from light industrial to medium density single family residential. The Council will also consider entering into a loan agreement, in a principal amount not to exceed $1.26 million to refund three outstanding City general obligation bond issues.
Aaron & Danika Marken, 3410 Main Avenue, made the request to the city for the rezoning and on Dec. 18 the P&Z agreed. The area was originally platted as “Green Acres” subdivision and was located outside the City limits of Clear Lake. The subdivision was annexed into the City, but the zoning map was never modified to reflect a change from the existing zoning, which remains light industrial.
City Administrator Scott Flory explained the primary purpose of the loan agreement proposal is to achieve approximately $64,142 in total interest savings over the life of the bonds.
“The authorization of the refunding bonds does not result in the City incurring new debt, but simply - Read More Via e-Editon