Thursday, Jun 30, 2016
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Waterville: Notes issued to pay for improvements

Waterville Village Council last week issued nearly $2 million in one-year notes to finance site improvements for a business park and construction of a parking lot downtown.

Council voted 6-1 to issue the notes, with Councilman Norm Witzler dissenting.

The village intends to spend $1.78 million on road construction and utility line extensions to a 30-acre parcel at 7551 Dutch Road.

Thomas Duvall, who owns the land, is planning to develop the Fallen Timbers Business Park on the site.

Another $100,000 in notes will help finance the purchase of the former restaurant at 11 North Third Street, demolish the building, and construct a parking lot at the site.

The village has started eminent domain proceedings to seize the land from its owners, Culvur and Marie Knollman.

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