County OKs $25,000 to LAIC

Posted on Friday, August 7, 2009

Faced with a provisional budget showing expenses still $27,749 above projected revenues, Lake County Commissioners made an unprecedented move on Tuesday that nearly doubles the deficit.

Lake Area Improvement Corporation Executive Director Dwaine Chapel appeared before commissioners to discuss a request of $25,000 for 2010 operational costs, which was approved.

The LAIC is in the middle of negotiations with an agricultural business and is talking with a technology company.

Commissioner Chris Giles, who sits on the LAIC board as the county representative, said that unemployment in Lake County could be higher without efforts by the LAIC.

Chapel said there are positive things happening in Madison. The Technology Center on the north side of town is projected to be full, Integra is bringing employees back, Rosebud is talking about calling employees back to work and Gehl-Mustang's outlook is also good.

Commissioners unanimously approved allocating the additional funding for LAIC.