COLDWATER, MI (WTVB) – Coldwater City Manager Keith Baker reported to the City Council Monday night that the City has been notified by the State of Michigan it will receive over $614,000 for its fiscal year 2018 Local Community Stabilization Authority payment which is an increase over budget projections of over $369,000.
Baker said apparently the State collected more money than they anticipated but they plan to continue to budget on the conservative side.
The LCSA payment is part of the 2014 personal property tax reform approved by voters. It is supposed to replace revenue lost by municipalities due to the new personal property tax laws.
In other business, the Council approved the sale of two pieces of property. One at 124 Marshall was sold for $1,600 to nearby property owner Steven Rutz. The other property at 136 South Clay was sold to Habitat for Humanity of Branch County for $500.
Meanwhile, Baker reported the city will advertise for bids for the removal of the Old U.S. 12 bridge and will bring a contractor recommendation along with project authorization back to the Council in late January or early February 2018. The bridge was an information item on the Monday agenda. An engineering consultant says it will cost between $300,000 and $350,000 to remove the bridge.
