Beaver Dam Borrowing Plan Advances Out Of Committee

(Beaver Dam) The Beaver Dam Administrative Committee Monday night advanced a borrowing plan to the full common council that would exceed self-imposed revenue limits. Exactly how the money would be spent though will be figured out when the council meets in special session next Monday specifically to adopt a capital improvements plan for road repairs, infrastructure improvements and – possibly – downtown revitalization efforts. Mayor Becky Glewen introduced a plan last month that would have the city borrow $3.7-million dollars, instead of the $1.6-million that is currently allowed under the council’s self-imposed borrowing cap. Her plan would funnel the extra money to not only downtown revitalization but also additional street repairs above and beyond the projects for this year that had been identified in previous versions of the city’s five-year plan. The issue drew public comments last night from both sides of the issue. At least three other alderpersons have their own borrowing plans or amendments. There was no one clear borrowing plan adopted last night and a compromise version may very well be reached but Glewen is standing by her version. Glewen says downtown business owners have already pledged $1.5-million in private investment to compliment potential taxpayer dollars. The special common council meeting will be held next Monday at 7pm in council chambers at the Municipal Building and a public hearing is on the agenda in advance of the vote.