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Council adopts sewer-rate amendment as finance director warns of multi-year fund-balance draws
Summary
On April 13 the Conneaut City Council passed Ordinance 25-26 to amend sewerage system charges as Finance Director Williams described multi-year draws on fund balances and outlined a $9.4 million OWDA loan for WWTP improvements with payments starting in 2027.
The Conneaut City Council on April 13 approved an amendment to the city’s sewer charges and heard a finance briefing that described multi-year draws on fund balances and an upcoming large loan for wastewater improvements.
Ordinance No. 25-26, placed for third reading, was declared an emergency and adopted unanimously. Finance Director Williams told Council that a 30-year, $9.4 million Ohio Water Development Authority loan at 2.96% will fund the…
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