The Reporter newspaper, Camdenton Missouri

The Reporter covers Miller, Morgan and Camden County in Central Missouri's Lake of the Ozarks and is published once per week on Wednesdays.

Published December 25, 2024

Osage Beach Aldermen approve $42 million budget

OSAGE BEACH – The Board of Aldermen have approved the budget for the 2025 year and city is looking at total expenditures of $42,153,853.

The basic breakdown is:

GOVERNMENTAL FUNDS

$11,522,634 - General Fund
$1,807,500 CIT Fund
$8,457,862 Transportation Fund

ENTERPRISE FUNDS

$3,396,052 Water Fund
$7,684,372 Sewer Fund
$ 1,005,228 Ambulance Fund
$ 6,382,108 Lee C Fine Airport Fund
$ 674,397 Grand Glaize Airport Fund

COMPONENT UNITS
Total Component Unit Expenditures $ 1,223,700

Total Fiscal Year 2025 expenditures - $42,153,853

The board passed both readings of the ordinance since the budget has to be approved by January 1.

In some of the other business addressed at last Thursday’s Board of Aldermen meeting:

Unfinished business

Approved the second reading of a contract with Four Seasons Plumbing, LLC for the Water Main Loop - Golfview Lane to Nichols Road Project for an amount not to exceed $377,354.

The project includes constructing approximately 2,927 feet of eight-inch diameter PVC water main with associated flush hydrants, fire hydrants, valves, fittings, and connection to existing water mains.

“This project is a much-needed start at the redundancies the water supply system needs to make sure that a single main break does not shut off water to a certain section of the city,” said City Engineer Andrew Bowman.

New business

Approved the first reading of an ordinance establishing a Hands Free Driving ordinance.

This ordinance mirrors the state statute and will allow the city to keep this infraction in municipal court.

Passed both readings accepting the State American Rescue Plan Act (ARPA) Grants to Ambulance Services grant in an amount not to exceed $50,599.77

Police Chief Todd Davis stated what would be done with this money.

“Ambulance Supervisor Tommi Rudat applied for the State American Rescue Plan Act (ARPA) Grants to Ambulance Services back in October. We requested medical equipment, computer equipment, training aids, and training. We were awarded the grant in an amount not to exceed $50,599.77. There is a 90/10 State/Local match. The cost to the City shall not exceed $5,059.98. These amounts are reflected in the 2025 Budget draft.”

Passed both readings approving a delay (an extension of time) to issue bonds under the Redevelopment Agreement between the City of Osage Beach and Lakeport Village LLC

According to the agreement, if the “TIF Obligations” (as defined in the Redevelopment Agreement) are not issued by December 31, 2024 (because certain conditions have not been satisfied) the city may terminate the Redevelopment Agreement upon 10 days written notice to the Developer.

This extends it to June 30, 2025 in order to give the developer more time.

“This is an extension for the deadline to obtain bonding for the Lakeport Oasis project. Staff and the Developer worked diligently this fall to meet this deadline and were on track to do so as recently as November,” said City Attorney Cole Bradbury in his report to the board. “However, financing a $400+ million project is complicated and some parts were delayed. We therefore expect bonds to issue in Q1 of next year.”