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MBIA Encourages Governor Whitmer to Sign Senate Bill No. 1080 to help Four Lakes Area

Friday, October 9, 2020   (0 Comments)
Posted by: Liz Szlaga

For Immediate Release

Contact: Nicki Polan, Executive Director

P: 734.261.0123. ext. 4 – E: npolan@mbia.org

 

Amanda Wendecker, VP of Marketing

P: 734.261.0123, ext. 3 – E: awendecker@mbia.org

 

MBIA Encourages Governor Whitmer to Sign Senate Bill No. 1080

to help Four Lakes Area affected by Mid-Michigan Dam Failures

 

Commerce Twp., Mich., October 9, 2020 – MBIA encourages Governor Whitmer to sign Senate Bill No. 1080, sponsored by Senator Rick Outman (R-Montcalm). This legislation allows certain special assessment districts identified as needing assistance in response to the Edenville and Sanford dam failures.

 

The legislation would amend Part 307 of the Natural Resources and Environmental Protection Act to allow for special assessment districts, with the approval of the County Board of Commissioners, to issue notes or bonds for up to 40 years to finance lake level projects. While a direct response to the dam failures, the bill also provides greater financing options for the multitude of other lake level projects across the state in dire need of repair. 

 

“Many businesses, boaters, and lakefront property owners have been affected by the dam breaches that occurred in Mid-Michigan in May,” said MBIA’s Immediate Past Chairman Patti Smith of Silver Spray Sports. “Not only was it a tragedy of epic proportions when it happened, but it is now a challenge of epic proportions to get the lakes and their lives back.”

 

The bill would extend time a district could issue bonds from 10 years to 40 years, allowing the property assessments that pay for the work to be spread out over a much longer period and thereby make the payments more affordable for property owners.

 

“MBIA is mindful of the thousands of lakefront property owners, boaters and business owners affected in the Sanford, Smallwood, Edenville, and surrounding Midland areas,” said MBIA Executive Director Nicki Polan. “The MBIA Board was quick to support SB 1080 and we encourage Governor Whitmer to quickly sign it into law.”

 

In September, the Four Lakes Task Force issued a Recovery and Restoration Plan: 2020-2021 Action Plan. It is expected to take 4-6 years for a full recovery of this area.

 

MBIA is a non-profit trade association representing more than 350 marine businesses and serves as the voice for Michigan’s $7.8 billion marine industry. MBIA is dedicated to the advancement, promotion, and protections of recreational boating in Michigan. MBIA produces Michigan’s big three boat shows: the Progressive Detroit Boat Show, Progressive Novi Boat Show and Progressive Metro Boat Show. Proceeds from these events go back to the industry through MBIA programs and services. For more information about MBIA and its boat shows visit www.mbia.org.

 

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12/2/2020
Recreational Boating Educational Conference

Michigan Boating Industries Association | 8625 Richardson Rd. Commerce Twp. MI 48390 | Phone: 734.261.0123 | Fax: 734.261.0880

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