(Beaver Dam) Beaver Dam Mayor Becky Glewen has unveiled an ambitious strategy for the city’s use of federal stimulus dollars. Beaver Dam has been awarded $1.7-million in American Rescue Plan Act monies as part of the $130-billion dollars in Local Fiscal Recovery Funds distributed to municipalities across the country.
One plan would be to use the funds for a rental housing improvement program similar to the façade improvement matching grants that used TIF dollars to enhance downtown business. Other options outlined would include the purchase of two parcels of property for blight elimination, a childcare support initiative, and assisting with installing lights to the high school varsity softball and baseball fields.
The plan is still in the early stages and additional discussions are anticipated. The city received the first of two payments, totaling $858-thousand dollars each, last June with the second round coming next month. The money is being held in the Local Government Investment Pool and is making $14 in interest per month.