Headline: Marina project moves ahead | SummitDaily.com

Headline: Marina project moves ahead

Lu Snyder

FRISCO – This summer will see the first phase of a three-year project to build a new Frisco lakefront park and improve the marina. This year’s construction will include leveling the area, paving the parking areas and some infrastructure work, said assistant town manager Theresa Casey.”A little bit of dirt moving and a lot of paving,” said town engineer Mark Luna.”We hope to tie up phase one by August 30th,” Casey said.The town has yet to select a contractor for the work, but town officials said bids are due April 29 and the construction schedule will be dependent on the contractor’s schedule – as long as the project can be completed by the end of August.Luna said the town is not planning not to do any work from June 29 until July 8, during the July Fourth holiday week.Town officials said they are planning to put a temporary construction sign – which will include plan drawings for the lakefront park and marina area and notify passersby that the marina is open despite the construction – as close to the Summit Boulevard intersection as possible.Councilmember Jon Zdechlik asked Luna and interim town manager Tim Mack about possible alternatives to paving the parking areas, but Mack said it has to be paved, per the town’s regulations.Town officials plan to fund the project using Certificates of Participation (COPs), which Casey explained “would be like taking out a second mortgage” on the town hall.If the COPs are approved, the town hall building and the land on which it sits would be sold and the town would, in effect, lease back the building for the next 20 years, Casey explained. This would give the town $2.5 million to use toward the lakefront park and marina project and three years in which to spend the funds.The COPs would be sold “almost like a stock would be sold,” Casey said.Though the COPs have yet to be approved, Casey said the council is in favor of using them to fund the project.Lu Snyder can be reached at 970-668-3998 x203 or lsnyder@summitdaily.com—What’s NextApproval of COP funding for Frisco Lakefront Park & Marina Project:- First reading, May 7 council meeting: 7 p.m., Frisco Town HallSecond reading, May 21 council meeting: 7 p.m., Frisco Town Hall

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