সোমবার, ৫ ডিসেম্বর, ২০১১

ACCFA to provide more cash for debt reduction

GENEVA-ON-THE-LAKE ? ??Tis the season of giving, and the Ashtabula County Convention Facilities Authority was in a sharing mood Friday morning.

The authority voted to increase its 2011 commitment to the county by $25,000, providing a total of $150,000 for debt reduction this year.

The motion to increase the payment was made by Jeanne Bento, a former county commissioner, and unanimously approved by the authority. Member Donniella Winchell said it was ?good public policy? for the board to commit the additional money to reducing the lodge debt.

The CFA?s money comes from the county bed tax and can be used for enhancement projects at the lodge or retiring debt. Prior to voting on the commitment, CFA members reviewed several projects that are on the horizon and determined there was sufficient capacity in their budget to add a bonus to their prior commitment of $125,000.

The only stipulation the board placed upon the commitment is that it go toward retiring debt. The lodge already made a debt payment in November anticipating the $125,000 commitment the CFA made earlier.

The donation will leave the CFA with a balance of about $70,000 after the bed tax is received in December and outstanding obligations are settled. The CFA still owes Delaware North Companies about $22,000 that was advanced by the management company for the Horizons Restaurant renovation project completed earlier this year. The CFA provided $125,000 toward the project, which cost over $200,000.

The CFA is looking into a project in Chestnut Grove, the park area to the east of the lodge. The project would involve planting about 100 chestnut and other native hardwood nut trees, expanding the parking lot, building fire pits, constructing new restrooms and providing a wheelchair accessible view of the lake. The county plans to seek a grant to assist with the cost, estimated at around $200,000, and the CFA would be asked to provide a match for the grant.

The park is accessible to the public, not just lodge guests, and provides a trail head for the bike path that follows the lake shore to the park.

The authority on Friday voted to authorize commissioners to negotiate with the Ohio Department of Natural Resources for maintenance of the paved bike path in 2012. Park staff provided the maintenance this year, and Commissioner Dan Claypool said that arrangement is the most efficient way to handle the responsibility.

The cost is not to exceed $3,500 for 2012, and the CFA will pick up the tab.

Source: http://starbeacon.com/local/x910013625/ACCFA-to-provide-more-cash-for-debt-reduction

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