Explanation
1. BACKGROUND
This ordinance authorizes the Auditor’s Office to establish an Auditor’s Certificate for the Department of Public Utilities to pay the Ohio Water Development Authority (OWDA) loan fees in a timely manner.
The Water Pollution Control Loan Fund (WPCLF) is a loan program jointly administered by the Ohio Environmental Protection Agency’s (OEPA) 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. City Council approved the Department of Public Utilities to apply for WPCLF loans for the Division of Water Reclamation via Ordinance 3119-2025, passed by City Council on 12/15/25. OWDA charges a fee of approximately 0.0035% of each loan for administering the WPCLF loan program. Loan fees are not rolled into the loan amounts and are invoiced separately. These invoices are to be paid within 30 days of the invoice date.
The Water Supply Revolving Loan Account (WSRLA) loan program is jointly administered by the Ohio EPA Division of Environmental and Financial Assistance and the Ohio Water Development Authority (OWDA). The WSRLA provides below-market interest rate loans for municipal water treatment improvements. City Council approved the Department of Public Utilities to apply for WSRLA loans for the Division of Water via Ordinance 1320-2026, passed by City Council on 6/1/2026. OWDA charges a fee of approximately 0.0035% of each loan for administering the WSRLA loan program.
Establishing an Auditor’s Certificate for the estimated loan fee needs ahead of time will allow these invoices to be paid within our contractual obligation and eliminates the possibility of delays in loan approval due to late payment of loan fees.
2. FISCAL IMPACT
Funds in the amount of $400,000.00 are budgeted, appropriated, and available within the Sewer Operating Fund, Fund 6100, funds in the amount of $50,000.00 are...
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