The city has proposed using the debt support millage — which is estimated to generate $381,000 in revenue, as well as $500,000 set aside from the general fund — to help pay bonds when they become due in 2015.
Based on language approved by the city, the millage will be levied for at least five years — from July 2011 to July 2015.
Also in the 2011-12 budget is the removal of the U.S. Coast Guard artifact boat on U.S. 31. Council on Monday night unanimously approved the moving of the old boat to the Great Lakes Naval Museum in Muskegon.
“It’s in very great disrepair, and there’s a lot of money to get it in shape again,” Fritz said.
According to a report issued by Grand Haven Public Works Director Bill Hunter, the boat is rotting away and cost of restoring it ranged from $35,000 to $120,000.
City Manager Pat McGinnis said since the boat removal is a part of the 2011-12 budget, it wouldn’t be moved until after July 1, and not likely until after this year’s Coast Guard Festival.
To read more of this story, see today’s print edition of the Grand Haven Tribune.