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Council authorizes application for Ohio EPA loan program to design treatment for emerging contaminants, says city won’t take loan without principal forgiveness
Summary
Loveland adopted a resolution to apply for a Water Supply Revolving Loan Account agreement with Ohio EPA for design work addressing emerging contaminants; city staff clarified the resolution is a template requirement and the city will not accept a loan unless principal forgiveness is available.
The Loveland City Council adopted Resolution 56 authorizing the city manager to apply for, accept and enter into a Water Supply Revolving Loan Account (WSRLA) agreement with the Ohio EPA for design of treatment for emerging contaminants.
City staff told council the Ohio EPA uses a template that requires the city to identify a potential repayment source in the resolution. City Manager Dave Kennedy clarified that at present “we are not gonna accept a loan” and that the resolution provides the required template language so the city can accept a loan only if principal forgiveness or other conditions make the loan acceptable.
Kennedy said the resolution identifies which city funds would be used to repay a loan if the council later decided to accept one, but that the current action is a procedural step required by Ohio EPA and is not a binding loan commitment. The resolution also rescinds Resolution 2025‑52 as part of the packet.
On a roll-call vote the council adopted Resolution 56 by a vote of 7 to 0. No additional loan terms or repayment obligations were approved at the meeting.
