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Madison County reviews $3M wastewater expansion and tax-increment financing options to keep employer in county
Summary
County staff told commissioners a Mid Ohio Water & Sewer District wastewater expansion is out to bid (Feb. 12) with an engineer's estimate near $3 million; staff recommended exploring TIF and a 0% 30-year loan to finance construction and to encourage local employers to expand in Madison County.
County officials on Jan. 27 updated the Board of Commissioners on a planned wastewater expansion being advanced by Mid Ohio Water and Sewer District and discussed ways the county might help pay for the work.
The project, put to bid with openings set for Feb. 12, carries an engineer's estimate staff said is in the neighborhood of $3,000,000 but that may have risen from an earlier $3.2 million estimate to roughly $3.5–$3.7 million. County staff said Mid Ohio has access to a 0% interest loan for 30 years and is exploring combining that loan with a tax-increment financing (TIF)…
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