Explanation
BACKGROUND: This ordinance is needed for the City to pay the Ohio Water Development Authority (OWDA) loan fee for a Division of Sewerage and Drainage capital project receiving funding through the Ohio Environmental Protection Agency’s Water Pollution Control Loan Fund (WPCLF) which is administered by OWDA. The loan fee has been invoiced for the following project which was awarded WPCLF loan financing at the May 29, 2025 Ohio Water Development Authority Board meeting:
Greenlawn Low Head Dam Improvements; CIP# 611038-100002; Loan amount: $3,179,343.42; Loan Fee: $11,128.00.
This Sanitary Treatment Engineering Section project has been approved for financing through the Ohio Water Pollution Control Loan Fund (WPCLF) and authorized via Ordinance 2720-2024 which passed October 28, 2024.
The Water Pollution Control Loan Fund (WPCLF) loan program is jointly administered by the Ohio EPA Division of Environmental and Financial Assistance and the Ohio Water Development Authority (OWDA). The WPCLF provides below-market interest rate loans for municipal wastewater treatment improvements. The interest rate for this loan is 3.01%.
FISCAL IMPACT: $11,128.00 is needed for Loan Fee expenditures. This amount is budgeted, appropriated, and available in the Sewerage System Operating Fund, Fund 6100.
CONTRACT COMPLIANCE: Ohio Water Development Authority (31-6402047-207) is not contract compliant and is not required to be contract compliant as it is a State of Ohio governmental agency.
EMERGENCY DESIGNATION: The City is required to pay the OWDA loan fee upon the execution of the loan agreement. The loan agreement was approved by the OWDA Board on May 29, 2025. The executed loan agreement along with the loan fee invoice has been generated for payment by the City and received May 29, 2025. Loan Fund Payment Requests to pay the contractor for construction work on this project cannot be processed until the loan fee is paid in full. An emergency designatio...
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