Incorporate Olympic Valley Submits Formal Application to Become a Town
Published on Dec 13, 2013 - 6:23:32 AM
OLYMPIC VALLEY, Calif. December 13, 2013 - Incorporate Olympic Valley (IOV) has taken the next step toward becoming a new town by submitting a formal application and $25,000 deposit to the Local Agency Formation Committee (LAFCO).
LAFCO will make a determination whether the application is complete and initiate further studies to determine the viability of the proposed incorporation. Included within the additional studies will be both an environmental determination and the fiscal analysis.
"Our initial fiscal analysis, essentially a feasibility study, showed the town to be viable," says Fred Ilfeld, IOV Chairman. "Now that we have officially submitted the application, we look forward to a positive comprehensive fiscal analysis that will prove to LAFCO we can stand on our own as a separate town."
If LAFCO approves the application, the measure to become the new town of Olympic Valley will go to the ballot. Currently, there are approximately 560 registered Squaw Valley voters.
Total incorporation costs, which include the application fee and a detailed financial analysis, are expected to be approximately $105,000.
"We have a lot of momentum and ask potential donors to consider our worthy cause," said Ilfeld.
To date, IOV has raised over $50,000, and fundraising efforts are shifting into high gear. To make a tax deductible donation, please visit www.incorporateolympicvalley.org.
About Incorporate Olympic Valley:
Incorporate Olympic Valley was formed by Squaw Valley residents concerned about maintaining their mountain culture and gaining local control and jurisdiction over land use decisions, locally generated tax revenues, and key services prioritized by locals, such as snow removal and road maintenance.
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