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Council approves $64,000 upfront payment for village sewer share rather than 20‑year financing
Summary
Council voted to pay the village’s portion of an odor and corrosion control system—about $62,540 plus admin (~$64,000)—upfront, approving resolution 2024‑007 to avoid 20‑year financing and interest costs.
The New Haven Village Council voted to pay its share of a sewer odor and corrosion control project up front instead of financing over 20 years.
Staff presented a project cost of $1,400,000 with the village’s portion listed at $62,540. The village manager recommended paying an upfront administrative amount of about $64,000 rather than accepting 20 annual installments (which would have increased total payments over time). A resolution listed in the agenda packet (identified in the meeting as resolution 2024‑007) was moved and supported.
Council members asked clarifying questions before carrying the motion. The resolution directs staff to use available sewer bond funds to cover the village share immediately.
Next steps: staff will finalize paperwork associated with resolution 2024‑007 and arrange funds transfer to complete the upfront payment.
