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Council advances emergency wastewater-rate ordinance for immediate consideration; finance director warns of loan repayment risks
Summary
The Vermilion City Council voted to suspend rules to advance an ordinance to change wastewater sewer rates and declare an emergency. Finance Director Amy Hendricks cautioned that OWDA loan repayments begin July 1 and reducing utility collections could affect debt service coverage.
The Vermilion City Council voted on May 5 to suspend the rules and advance ordinance 20-25-34 — an ordinance described in the agenda as establishing new wastewater sewer rates and declaring an emergency — to immediate consideration. Council members then engaged in an extended discussion about the financial risks of lowering sewer rates while the city enters a loan repayment phase.
Finance Director Amy Hendricks told the council the city has received an official extension from the U.S. Environmental Protection Agency for the wastewater plant and…
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