Beaver Dam Common Council to Vote on Debt Cap Changes

(Beaver Dam) The Beaver Dam Common Council tomorrow (Monday) night will vote on changes to their voluntary debt cap policy. The cap would change from a fixed dollar amount to a percentage of debt capacity allowed by the state; 65-percent of capacity is the recommendation. The city is borrowing $6-million dollars this year and, under a 65-percent cap, would still have around $14.7-million dollars left in available borrowing. If the city were to continue borrowing $6-million and, as old debt is paid-off, by 2025 Beaver Dam would have around $11.5-million in available borrowing. Also on Monday’s agenda, more discussion is anticipated about the proposed relocation of the city’s Department of Public Works facility. Initial estimates put the costs of constructing a new DPW building at between $10-and-$13-million dollars. One proposed site to build a new structure would be in the business park off Industrial Drive. Other sites identified in recent months are no longer being considered, including the former Nancy’s Notions warehouse.  The DPW relocation was identified in a facilities study a decade ago to help preserve expensive equipment and address safety issues. Also Monday night, there will be consideration of an ordinance change that would allow bees to be kept in the city. The Beaver Dam Common Council meets at 8pm and the meetings can be viewed live via video conferencing technology.