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City approves $1.03 million East High Street water-service replacement; applies for state loan with principal forgiveness
Summary
The City Commission authorized applying for an Ohio EPA/OWDA loan for a $1,027,400 East High Street lead-service replacement project and awarded the construction contract to Majors Enterprises Inc. for $921,523.
The Springfield City Commission on July 29 authorized city staff to apply for a Water Supply Revolving Loan Account loan from the Ohio EPA and Ohio Water Development Authority to finance the city's 2025 East High Street water-service replacement project and voted to award the construction contract to Majors Enterprises Inc.
The loan application item, approved as an emergency to meet an Aug. 1 application deadline, covers an estimated project cost of $1,027,400. City staff told the commission that approximately 51% of the project is expected to qualify for principal forgiveness through the state program; 45% would be financed at 0%…
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