Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

State of the City Well-Attended: Over 40 Lake Ozark residents, business owners, and other stakeholders attended  or tuned in via Zoom for the inaugural State of the City event held on January 23rd in the Council Chambers at Lake Ozark City Hall. Throughout the 45-minute presentation, both Mayor Newberry and City Administrator Fry highlighted progress made within the City over the course of 2023 and identified goals that will be accomplished throughout 2024 as well.  “We’ve talked quite a bit today about the state of the city as a business and some of the directions we are moving; I hope everyone can see that the state of the city in this regard is very positive.  That said, the City is here to do more than repair roads and be a good steward of tax dollars.  We’re here to be represent you and to be your government. This is not a City trying to deny people of information, their voice, or the chance to participate.  Whether those opinions support or are opposed to my beliefs or the opinions of the Board, we will never have the chance to do our job the right way until you do yours the same.”, said Mayor Newberry.   “I want you to have every opportunity to know this is your government, and know that that is now in place. As a resident who spent many years not having faith or trust in Lake Ozark’s present or future, I’m proud to say that we now have a city I believe in.” During the presentation, a review of new community investments, infrastructure projects, and the financial and policy direction of the City were discussed.   Those who were unable to attend the event can view presentation materials at this link. It is anticipated that the event will return annually in the future.

TEST TW WEATHER

Fish Haven Phase 3 supported by resolution

The prospects for the next phase of an affordable housing complex in Lake Ozark got a huge boost when the board of aldermen recently approved a resolution of support.

City officials have thrown their support behind the construction of Phase 3 of Fish Haven North, an expansion of the existing affordable housing units along Fish Haven Road. Developers already have built a multi-unit affordable housing complex – Fish Haven Apartments – and a senior retirement center – Fish Haven Estates.

The proposed buildings would be located on 19 parcels of land on Fish Haven Road, Hickory Drive and Forest Hills Road. One of the proposed buildings would be located at Fish Haven and Hickory Drive. The second would be located on South Fish Haven just west of Fish Haven Estates.

The board also approved final reading of ordinances rezoning the area in question and a final plat for the subdivision at its Aug. 24 meeting.

What stands in the way now is the Missouri Housing Development Commission which is being asked to issue housing credits that would help subsidize the Phase 3 project. If those are approved, the project will go to the design phase and then will go out for bid – hopefully early next year.

Briscoe Ozark Development Group, developer of Fish Haven Apartments and Fish Haven Estates, is hoping to expand the footprint of affordable housing along South Fish Haven Road with two 20-unit complexes adjacent to Fish Haven Apartments. 

Pete Ramsel, representing Briscoe, has said that equity raised by selling the tax credits to investors is used to help buy down the cost of the project. Private equity will fund between 85 and 90 percent of the project with the balance borrowed. That helps keep the overall cost down, making the units more affordable to the public, he explained.

Ramsel said the two-bedroom units will rent for between $500 and $600, and the three-bedroom units will rent for $550-$650 per month. 

Phase 1 of the Fish Haven developments – Fish Haven Apartments – opened in early 2016. Fish Haven Estates, the senior living community across from the apartment complex, opened in early 2018 as Phase 2.

He also praised Briscoe Development Group and McClure Engineering, the engineer firm for all three phases, for their partnership in the projects.

 

Resolution

The resolution notes that Lake Ozark and its residents benefit from the availability of quality, affordable housing. But the city currently lacks that type of housing availability due to the economic growth of Lake Ozark and the growing population that has been attracted to the area.

Lake Ozark has been presented with a site plan and development plans for development of family housing units to be constructed to the north of the existing Fish Haven Apartments. 

City of Lake Ozark officials are aware that the developer is submitting an application to the MHDC for approval of its project as workforce housing, and the city supports the developer’s effortsw to bring such needed affordable housing to the community.