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Council reviews capital plan: stormwater fund, Novan Road and Shepherd/Commerce reconstruction
Summary
Staff described capital priorities, including creating a stormwater revenue fund to support an OWA loan for Novan Road and engineering for Shepherd and Commerce Road; sidewalk zone work and utility coordination were also discussed.
Staff (S1) outlined capital-improvement priorities and said the draft capital plan shows many projects already claiming the 0.5% income-tax capital allocation. S1 said the administration is creating a stormwater revenue fund and that "This income will help support the OWA loan for the Novan Road project." The presentation also cited engineering completion for the Chevron Commerce reconstruction (OPWC grant/loan funded) and noted Mid Ohio will replace water lines concurrent with road work.
Committee members asked whether capital work is funded from cash or financing; staff confirmed the draft uses cash for the listed items but acknowledged larger projects may be financed. Sidewalk work will move into Zone 2 next year (and potentially Zone 3) depending on budget, and coordination will aim to sequence water-line replacement and paving to minimize rework.
Why it matters: the capital plan contains major infrastructure projects and the creation of a stormwater revenue fund that could change how stormwater/road projects are financed and scheduled over coming years.
