STEVENS POINT, Wis. (WSAU) – Stevens Point city leaders have accepted a finalized version of the agreement to share costs of the McDill Pond repairs.

Under the agreement the city, the county and the McDill Lake Association would all split the remaining cost of the repairs which are estimated at $366,789. That's around $122,000 a piece, and around $720 dollars for each of the residents of the Lake District.

The property would then be turned over to the Lake Association, with the city picking up the cost of minor maintenance on the dam. Under the agreement, the city would pay the cost of any repairs to the dam under three-thousand dollars and the Lake District and the city will split any costs over that amount. District secretary Krista Olsen says the city will maintain the dam, but they'd handle everything else. “The weed trimming and invasives control, that will all still be under our budget.”

The county board will vote on the measure Tuesday.

The pond remains drawn down while repairs are pending.