Sumner moves money into development fund for sewer

Sumner is transferring $450,000 from the sewer operating fund to the Local Improvement District (LID) development fund.

Sumner is transferring $450,000 from the sewer operating fund to the Local Improvement District (LID) development fund.

The transfer is to provide cash flow for the LID fund and for costs resulting from the Stewart Road Utility Local Improvement District.

Deputy City Administrator Diane Supler said the LID fund is a financing mechanism allowing property owners to develop or improve their land.

This particular project is to improve the sewer system for property owners in that area.

The project was supposed to be completed along with a road construction project, but the project was delayed and money is owed for land acquired and the design of the project.

The LID development fund was originally provided with a $300,000 loan from the sewer fund, but as the project is proceeding, it’s clear the amount is insufficient.

Council members passed the ordinance granting the loan during theire Dec. 1 meeting. The ordinance became effective five days later and brings the total amount of the loan to $750,000. The ordinance states the loan must be repaid by Dec. 31, 2010, along with a monthly interest rate paid by the Local Government Investment Pool. The investment pool is a collection of money from cities. The pool covers the lost investment opportunity due to the loan.

Reach Chaz Holmes at or 360-802-8208.

More in News

Panthers jazzed for new Performing Arts Center

Sports fans should also be excited for new home-side covered seating at the school stadium.

Ellenson park likely site for new Enumclaw dog park

City Parks Director Michelle Larson estimates a mid- to late-summer opening.

Bonney Lake team is the ‘People’s Choice’ at scholarship dinner

The Panthers advanced culinary team turned eyes and attracted taste buds with their bacon-themed three course meal at the last Bite of the Apprentice.

City of Enumclaw seeking downtown developer

A new three-story building may be built on the corner of Cole and Railroad.

Paintings by sumi-e artist coming to gallery

Darlene Dihel’s ink paintings will be on display until May 1.

The Bonney Lake Police Department met up and thanked the Lake Tapps Hornets lacrosse team for taking a knee when a police procession passed their practice field in March. Photo by Ray Still
Officers thank kids who knelt during procession

The Lake Tapps Hornets lacrosse team took a knee to out of respect for Officer James Larson.

Feds set slight increase in national park fees

Annual passes, vehicle entrance fees and “per person” fees are climbing by $5 this summer.

King County Council passes renter protections bill

The legislation is intended to prevent landlords from discriminating based on the source of a prospective tenant’s income.

Police chief, student council members sworn in

Sophia DeMarco and Ian Tobius are the newest members of the Enumclaw City Council.

Most Read