Conneaut Lake Park Board To Hold A Special Meeting

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Conneaut Lake Joint Municipal Authority members voted Wednesday to hold a special meeting May 13 at 8 p.m. to take action on whether to accept the lone bid of $200,000 for nearly $900,000 the amusement park owes the authority. The debt is from a 2003 mortgage to repair the park’s sewer system as well as four municipal liens for unpaid sewer bills.

Members of the five-member authority unanimously voted to hold a special meeting after receiving only one bid for the debt. The lone bid for $200,000 was from First Capital Finance Inc. of Ohio. The authority wants to review the bid with its attorney, Alan Shaddinger, before taking action, according to Dean Callendar, authority chairman.

The group says a mis-step could end up closing the park, rather than taking it further out of debt.

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