The Official Unofficial Minutes of the WLIC Annual Meeting
9 NovemberPresident Joe Ennett gave status report on the C Point restoration project. Completion of Phase I targeted for mid-December with the roof construction on the Pavilion (yes, that's the proper designation) to begin as early as this week. The seawall construction should be completed by the weekend as well.
FYI, the demolition of the gazebo took about 4 and a half minutes according to Mike Myers.
Image via Wikipedia
Joe signed the final papers for the loan to be used as part of the project financing last week. Although he did not disclose the loan amount, he did say the interest rate is @ 5% for 3 years, renewable. He projects payoff of the loan in 5 to 8 years. Joe also mentioned part of the funding for the project is coming from New User Fee revenue...I believe he said $46,000 this year is coming from this fee.
It was also announced that bids are being solicited for dredging...for North Cove and selected others. Apparently the combination of the draw down of the water and the slow moving construction and completion of Barry Road gave impetus to move up the dredging. Joe said dredging could begin "soon".
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