The blog for citizens in Lake Oswego who share the common values of the community and the organization.
Fiscal Responsibility + Core Services + Property Rights = "Good Governance"
Wednesday, May 23, 2012
City Council Proposes Bond Measures & Considers Selling Lake Access Park Lands
To All COLA LO Members,
Last week our city council approved placing two bonds on the ballot this fall. One was for $14 million to pay for a new Library as part of the North Anchor project downtown and the other was for $ 5 million to start the process of implementing the Lake Grove Village Center Plan possibly under a new Urban Renewal district.
The council voted 5-2 to place the bonds on the ballot. It will be interesting to see how the ballot measures perform at the ballot box. COLA LO will take a position on the measures. LO Ballot Measures
At the same time it appears the city may sell park land it owns on the lake to the Lake Corp. There is a lot of speculation on the motivation of this decision and it will be discussed at a future council meeting. The details of the announcement can be found at Council Selling Park Land?