The World is reporting the cost of the Wallace Road Local Improvement District at $54,000. This is true but only if excluding the ten private driveways paved at an additional cost of $36,000. The total cost of the project is $90,000. The County is financing the costs for the property owners over a ten year period at 9% interest.
Forty percent of the cost of the Wallace LID has tied up dedicated road funds for private driveways, $10,200 for driveways belonging to a Coos County Planning Commissioner, Dennis Schad. Links to the public records and ‘contracts’ if you can call them that can be found here.
