/ Articles / Plum Lake Town Board authorizes loan to help fund Eliason Street project
The Plum Lake Town Board on Thursday, June 25, authorized borrowing $250,000 that will be used to fund the town’s portion of improvements to Carl Eliason Street.
The rest of the funding for the project, involving some property donated by the Ruth Alexander Trust and meant to improve drainage for the first several hundred feet of the street coming off of State Highway 155, will come from a grant obtained from the Wisconsin Department of Transportation (DOT).
Town chairman Will Maines said he would guess the overall cost for the project will more than likely be in the $250,000 range, the town’s share estimated to be at nearly $120,000.
There has been initial work as far as some excavation, surveying and bore samples done, but because of what Maines described as “back and forth” between the DOT and MSA Professional Services, the firm doing the project’s engineering, it now probably won’t happen until 2021.
“It’s gonna be a wait-and-see type of thing, the way it sounds to me,” he said.
As for the rest of the loan funds the town board authorized to borrow Thursday, town supervisor Gary Schmidt said, and Maines agreed, it should be used for work on Golf Course Road.
Schmidt made a motion to borrow the $250,000 from Headwaters State Bank in Land O’ Lakes, to be repaid in 10 years at an interest rate of 2.75% and Maines made the second.
Town supervisor Vern Wiggenhauser was absent.
The town board also:
• Met with the town’s building committee concerning plans for the new community center, one of three buildings town voters approved in May. The other two are a new salt shed and town garage. Maines hopes to see bids go out for the salt shed and town garage this summer and construction to begin “no later than September.”
The community center won’t be built until next year.
• Gave permission to the Sayner-Star Lake Lions Club to begin plans for a 16-square-foot by 24-square-foot pavilion at Schoolhouse Park. The intent is for the structure to be built at no cost to the town. However, because the intent is also for the pavilion to become town property once completed, it will require a vote of the town electors, as was the case for the pavilion built at Minocqua’s Torpy Park in 2019.
Brian Jopek may be reached via email at [email protected]