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To fund the Four Lakes Dams and Lakes Restoration projects through the middle of 2026, FLTF secured an $80 million bond at a 4.94% net interest rate over the term of the bond issue. This is the first series of bonds to be issued.
In 2026, FLTF will use the remainder of the State of Michigan funds before their expiration in September 2026. We will secure the second series of bonds in the summer of 2026 to fund the remainder of the project. The Capital Special Assessment will appear on your winter 2025 tax bill and will include 5.94% interest. The additional one percent is legally allowed to be added to cover the deficit created from property owners paying off the assessment during the term of the bond. Comments are closed.
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©2025 | Four Lakes Task Force is a US 501 (c)(3) public charity, EIN 27-4698447. This institution is an equal opportunity provider.
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