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Town approves establishment of geothermal fund

February 19, 2014 by

Lakeview’s Town Council recently approved a resolution that establishes a new fund for the Barry Well-based geothermal system utility.

During their Tuesday, Feb. 11, meeting, the Council approved the resolution that effectively separates the aforementioned geothermal system as independent from its other system, which is utilized by the Department of Corrections to provide heat for Warner Creek Correctional Facility.

Town Mgr. Ray Simms said that the action is necessary for the sake of tracking expenses and income related to each of the systems.

Officials with the U.S. Department of Agriculture, the agency through whom the Town financed its newest Barry Well project, recommended this action for the aforementioned reasons of accounting purposes.

Simms said that the action approved by the Council does not alter its budget or expenses related to the system’s operation, but simply relates to tracking income and expenses for their two individual geothermal heating systems.

A second resolution on that meeting’s agenda, which pertained to approval of a local air quality-related PM Advance Action Plan, was tabled by the Council.  Simms said that the plan addresses action within the County’s jurisdiction, and so the Town awaits action by the county before final approval of the plan.

Lakeview’s Town Council normally meets on the second and fourth Tuesday of each month at 4 p.m. at Town Hall, located at 525 N. 1st St.  For more information, call 541-947-2029.

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