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Franklin County seeks design loan for nearly $8 million water-main replacement project
Summary
The board authorized submission of a Water Supply Revolving Loan Account application for engineering and design of a multi‑street water‑main replacement project estimated at $7.9 million; staff said the design phase could be financed at 0% for five years and described scope including 8,000 linear feet of main replacement and 84 service replacements.
Sanitary engineering staff requested and the Board approved Resolution 366-26, authorizing the county administrator to submit a Water Supply Revolving Loan Account (WSRLA) application to the Ohio EPA and Ohio Water Development Authority for the engineering and design phase of a water-main replacement project.
Ryan Stowe, assistant director of sanitary engineering, described the project (labeled "Gyms" in the materials) as including replacement of approximately 8,000 linear feet of aging water line with ductile iron mains, installation of about 20 valves and 13 hydrants, replacement of 84 water services and new meters in meter pits, and repaving of roads within the project area. Stowe said the current project estimate is $7,913,378 and that the Ohio EPA indicated willingness to provide financial assistance for the design phase at 0% interest for five years. "The current estimate for this project is 7,913,378," Stowe said in the presentation.
Staff explained that a 5-year term at 0% interest would equate to an estimated total debt service obligation of about $791,337 and semiannual repayments of roughly $158,267.40 for the design-phase financing. The resolution delegates authority to the county administrator to submit required applications and to sign documents associated with the request for financial assistance. Commissioners voted to adopt the resolution on the record.
The project is in County Sanitary District 4 (Prairie Township). Staff said the water capital fund will be the source for future repayment of any loan obligations. The record shows no on-the-record substantive opposition during the meeting; commissioners approved the recommendation by roll-call vote.
