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Milford council approves $1.64 million OWDA loan, awards $4.4 million Wallace Avenue water-tank contract and corrects water rates
Summary
Milford City Council on Jan. 7 approved a $1,642,228 loan from the Ohio Water Development Authority, awarded Maguire Iron a contract not to exceed $4,404,000 to build the Wallace Avenue water storage tank and amended the city's water usage rates (20% increase) to corrected numeric values effective on February utility bills.
Milford City Council voted Jan. 7 to authorize a $1,642,228 loan from the Ohio Water Development Authority (OWDA), award the Wallace Avenue water storage tank construction contract to Maguire Iron for up to $4,404,000 and amend the city's water usage rates so corrected 2025 figures will appear on February utility bills.
The actions are intended to complete the Wallace Avenue storage-tank project, increase the city's storage capacity to meet Ohio EPA expectations and spread project costs over time. Council passed the loan ordinance, the contract award and the rate-correction ordinance in separate roll-call votes; all three measures were adopted during the Jan. 7 meeting.
City Manager Benjamin Gunderson told council the items are intended to —get this ball rolling— on a project staff and consultants have long planned. Gunderson said the administration expects the new tank to address long-term storage needs and allow the city to conserve cash…
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