City Should Have Nearly $500,000 for Twin Buttes in 2016

The City of San Angelo's Comprehensive 2014 Annual Financial Report indicated

San Angelo Water Supply Corporation
 
Project Name: Twin Buttes Dam and Reservoir (Twin Buttes) - Annual Payments of $450,000 to $470,000 are required through the year 2015 for the retirement of the contractor's debt. Total estimated payments are $16,327,293. The City is contractually obligated to operate and maintain the project storage works and the basic recreational facilities for the useful life of the project.

Payments will stop in 2016 finally freeing up money for the city to use on the Twin Buttes Master Recreation Plan.  The City can simply take the money it has been paying for Twin Buttes and use it to improve recreational conditions at Twin Buttes.

The City received an excellence award for the 2014 CAFR.  It should put the same energy toward getting a recreational excellence award at Twin Buttes.

City Parks Director Carl White spoke about Twin Buttes at Council's 10-6-15 meeting.  He said:

"To be honest I don't think we're doing a very good job of managing those properties right now.  It's a little hands off.  We think we need to improve that."

The city should have an extra $450,000 to $470,000 to do just that.