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Brimfield trustees approve $800,000 loan to cover fire station expansion overruns
Summary
Trustees voted to secure a 15-year, $800,000 loan from Huntington Bank to cover cost overages from the fire station and administration expansion and remodel; the loan will be placed in a restricted line item for construction expenses and may make $100,000 available to the general fund if funds permit.
Brimfield Township Trustees voted May 2 to obtain a 15-year loan of $800,000 from Huntington Bank to cover cost overruns on the township—s fire station expansion and administration expansion and remodel project. Trustee Nicholas Coia moved the measure and Trustee Sue Fields seconded; the vote passed with Coia and Fields voting yea and Trustee Mike Kostensky absent.
The trustees directed that the loan be placed into a separate line item that will be used only for construction project expenses, including payment 38, outstanding PCO charges under review, denied PCO claims, outstanding balances to Moody Nolan and QCI payments. The motion allows that $100,000 from the loan could be made available to the general fund if funds are available; if a settlement is reached, remaining funds in that line item are to be repaid to Huntington Bank. Repayment responsibilities were described as covered by the General Fund and the Fire Department based on disbursement of project costs.
Fiscal Officer John Dalziel was recorded as present for the meeting; the motion as entered in the minutes did not specify loan interest rate, exact repayment schedule, or whether additional approvals (e.g., from a bank officer or county authority) are required. Those details were not specified in the record. The trustees adjourned the special meeting at 8:46 AM.
Votes at a glance: MOTION #2025-149 (obtain 15-year loan, $800,000): Nicholas Coia — yea; Sue Fields — yea; Mike Kostensky — absent; outcome: approved.
