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Chippewa Wastewater project hits BABA rules; contractors raise price, staff says loan savings may offset increase
Summary
Staff told commissioners that Build America/Buy America requirements increased the prime contract by about $2.6 million but triggered an approximately one‑percentage‑point interest reduction on the Ohio EPA loan, which staff estimated could save around $400,000 a year and roughly $8 million over the life of the loan.
Medina County project staff updated the Board of Commissioners on new financing implications for the Chippewa Wastewater Treatment Plant after the Ohio EPA designated the project as subject to Build America/Buy America (BABA) requirements.
"Basically, the Ohio EPA gets money from the feds, so they have to match a 1 to 1 with complying with federal requirements," said Jeremy, the project representative who briefed the board. He said the prime contractor (identified in the meeting as Great Lakes) sought…
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