The Northwestern Water and Sewer District is receiving $560,054 at 3.42% for 20 years for the construction of 2,600 feet of waterline between Tracy and Oregon roads in Perrysburg Township to extend service to an industrial user.
The Ohio Water Development Authority awarded $2.0 million through low-interest loans to Ohio communities to improve wastewater and drinking water infrastructure and make water quality improvements for Ohioans.
For the month of February, the authority funded six projects that will provide improvements and replace aging infrastructure. The 6 awarded projects received an interest rate ranging from 1.71% to 3.91%.
These other Ohio communities are receiving funding:
· The Village of Genoa in Ottawa County is receiving $728,716 at 3.42% for 20 years for construction of improvements to four pump stations located at Manor Drive, Gordon Lumber, Second Street, and the high school to extend their useful life.
· Hocking County is receiving $86,000 at 3.91% for 5 years for the design of 4,600 feet of sanitary sewer in the Rockbridge service area to reduce inflow and infiltration.
· The Village of Mechanicsburg in Champaign County is receiving $150,000 at 3.91% for 5 years for the design of 2,500 feet of sanitary sewer to reduce inflow and infiltration into the collection system.
· The City of Sheffield Lake in Lorain County is receiving $367,090 at 3.42% for 20 years for the construction of 1,800 feet of waterline along Alameda and Ivanhoe Avenues to replace aging waterlines.
· The Village of Somerset in Perry County is receiving $147,595 at 1.71% for 20 years for the construction of improvements to the water storage tank on Gay Street to extend its useful life.
The State of Ohio created the OWDA to provide funding for construction of public water and wastewater infrastructure in Ohio. Since its creation in 1968, OWDA has pursued borrowing that assure the OWDA the lowest cost of funds in order to maintain low borrowing rates for the local governments of Ohio. These low borrowing rates allow local governments to construct necessary water and sewer improvements while minimizing the impact to user charges.
More information about OWDA’s financing programs is available at www.owda.org