Lake Placid a city?
The Lake Placid Village Board Monday night named a five-man committee to look into the ramifications of establishing a city government to replace the present village organization. The move has been under consideration by the board for the past few months as a means of solving their financial problems.
Mayor Robert Peacock said at a recent board meeting that the village has reached a point where it must look for an additional source of money beyond real estate taxes. The advantage of forming a city is that they could immediately establish a sales tax as a means of income.