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IDA reports healthy finances, secures funds for 500,000‑gallon Manheim water tank
Summary
Board reported no outstanding loans, incoming receivables, and county funding including roughly $500,000 toward a 500,000‑gallon ground water tank for Manheim Business Park; staff said design is about 90% complete and moving to health-department review.
Board treasurer/staff reported that the IDA remains in strong financial condition with no outstanding loans and receivables forthcoming as new projects move forward. During that financial update, staff noted slightly higher maintenance costs tied to recent property additions but said overall budgets remain on track.
Speaker 3 reported the IDA drew down county funds of roughly $500,000 for a ground‑based, 500,000‑gallon water tank at the Manheim Business Park. "That tank is now gonna be a ground based 500,000 gallon water tank that'll sit in the Manheim Business Park and support not only the village and the town, but additional growth in that part," Speaker 3 said. Design work is approximately 90% complete and the package will move to the health department for review.
The board moved to accept the financial reports (motion language recorded) but the transcript excerpt does not show a full roll‑call tally. Questions from board members sought clarifications about capital put into Manheim (the tank project and grant funding sources), which staff said included county draws plus additional grant monies expected.
