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Committee hears brief update on sewer funding nominations and financing options
Summary
Staff reported they renominated 12 sewer projects and are pursuing multiple financing options, including WPCLF and OPWC funding and bond financing; no formal decision was made.
The committee received a brief update on the city’s ongoing efforts to secure funding for sewer projects.
Jennifer (finance staff) told the committee the city renominated 12 projects for funding and is evaluating financing options including Water Pollution Control Loan Fund (WPCLF) financing, Ohio Public Works Commission (OPWC) grant/loan combinations, and potential bond financing. She said staff is working through the options to identify the mix of grants and low- or zero-interest loan funding that best fits project needs and timing.
No formal action or vote occurred on financing at the committee meeting; staff will continue to evaluate options and bring more detailed recommendations to committee and Council as funding offers and program details are finalized.
Ending note Staff said they are continuing outreach to funding agencies and will report back with more details and recommendations for Council consideration.
