Wantage to take ownership of Lake Neepaulin
Public hearing on transfer scheduled for August
Lake neepaulin saga
March 20: Special Assessment change for FOLN to pay 50 percent instead of 10 percent of the $1 million Lake Neepaulin Dam loan.
April 24: FOLN offered ownership of Lake Neepaulin to Wantage Township
May through Mid-June: Transfer of ownership agreement developed
June 12: Wantage Committee reviewed status
Mid-June to Mid-July: revised Turnover Agreement
July 17: Wantage Committee reviewed final draft of Turnover Agreement, and ccepted agreement
August: Final hearing for the ownership of Lake Neepaulin and special tax assessment could be repealed.
About Sept. 1: Closing
Future: Adopt a resolution for the CFO (Chief Finance Officer) to amend the Wantage Township Budget. NJDEP Loan will be repaid as a Green Acres Loan repayment.
Nov. 1: Wantage Committee could adopt a resolution recognizing Lake Neepaulin and beach as a Wantage Township Park.mRecreation Commission will report anticipated budget impact for review and approval.
WANTAGE — The Wantage Township Committee unanimously voted to accept ownership of Lake Neepaulin on Thursday, July 17.
The final public heraring will take place in August.
Mayor William DeBoer said an attorney representing the Friends of Lake Neepaulin contacted Township Attorney Glenn Kienz to explain the gropu cannot afford the new special assessment terms.
Therefore, the group proposed relinquisihing ownership to the township.
During public comment, one member of the public was against acquiring Lake Neepaulin.
Two others were for the action.
On March 20, the committee changed the Friends of Lake Neepaulin terms from 10 percent to 50 percent of the special assessment for the $1 million dollar Lake Neepaulin Dam loan owed to the New Jersey Department of Environmental Protection Agency.
Residents had been furious about the originally proposed special assessment.
Discussions and meetings took place from May through mid-July to revise the Turnover Agreement, and during an executive session, the committee reviewed the proposed final draft.
DeBoer said that simultaneously with the final acceptance of ownership of Lake Neepaulin at the August meeting, the special tax assessment for the Lake Neepaulin Dam reconstruction project will be repealed.
The annual cost obligations of the Lake Neepaullin NJDEP Loan repayment will be treated as all other Wantage Township NJDEP Green Acres loans.
The closing should take place on or about Sept.
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