K-Park Site Sale Proceeds Appropriation
Summary
Wellington is looking at how to use about $24 million from selling part of the K-Park site — most going to a reserve that helps keep utility rates stable, the rest to stormwater pump station upgrades. This directly affects how much headroom the Village has on future water bills and flood protection.
At a glance
- Total mentions
- 1
- Last 30 days
- 1
Impact analysis
About $24.4 million in one-time money: $15 million to the rate reserve, $9.4 million to stormwater pump stations.
Utility customers get a buffer against rate increases, and drainage improves at the pump stations.
Mentions & discussions (1)
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