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Northfield approves $789,300 ESID assessment loan to fund Plaza roof replacement
Summary
Council adopted Ordinance 2025-46 approving an Akron‑Summit County ESID assessment loan of $789,300 to fund roof replacement at the Plaza (10333 Northfield Road). The loan will be repaid via a 30‑year property assessment; Council recorded the Village has no repayment obligation.
Northfield — The Village of Northfield Council on Aug. 27 approved an ordinance enabling a special‑assessment energy loan for roof replacement work at the Plaza.
Ordinance No. 2025‑46 approves a project petition for special assessments under the Akron‑Summit County Energy Special Improvement District (ESID) program for energy‑related improvements at 10333 Northfield Road. Council stated the ESID loan is for $789,300 and is to be repaid over 30 years as an assessment on the property tax duplicate; Council was explicitly advised the Village is not financially liable for the loan repayment.
Howard Shafron, Managing Member of New Plaza Management, LLC, attended and described plans to replace most of the large Plaza building roof and said he wants to start as soon as possible. Law Director Brad Bryan told Council the loan is scheduled to close on or about Sept. 15, 2025; Bryan also stated the Village is not loaning any money and does not have any financial obligations with respect to the loan.
Why it matters: The assessment loan allows the Plaza to finance a sizable capital roof replacement that could improve building performance and energy efficiency while shifting repayment responsibility to the property assessment rather than the Village.
What happens next: The loan is expected to close around Sept. 15, 2025; project mobilization and building permits will follow as managed by the Plaza owner. Council asked the applicant to begin addressing outstanding citations on the property as part of ongoing compliance oversight.
