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Council Pays Off Water Plant Notes



Village Council learned officials of the village of Archbold have paid off the remaining debt on improvements at the Archbold Water Treatment plant.

Donna Dettling, village administrator, told council the remaining notes used to finance the construction on the anion exchange water treatment system, a total of $613,570, were retired.

She presented that information during the Monday, March 18 council meeting.

Council approved the sale of $1.9 million in one-year notes in March 2013 to finance the construction of the anion exchange system.

The system, which had a total cost of $2.6 million, became operational in September 2013.

When the village uses notes to finance a project, it sells notes to investors. The notes are a promise made by the village that the debt will be repaid, with interest.

Money to repay the notes comes from either taxes, or in the case of the water plant upgrade, water bills.

The first notes were repaid in April 2014. The village sold $1.6 million in new notes, meaning $300,000 of the debt had been paid off.

Dettling said since then, village officials had been paying off $200,000 per year until this year.

By paying off the remaining notes, Dettling said the village will save about $13,000 in interest charges.

Plus, the village is limited in the amount of money it may borrow.

Kevin Morton, council president, said by retiring the remaining debt on the anion exchange system, village officials effectively increase the amount of money they can borrow.

Vaughn Bentz, a councilman, said paying off the notes demonstrates that while the village general fund may not be as strong as village officials would like, overall, the village financial situation is very solvent.

Issue

Village officials are currently looking at an issue with the anion exchange system.

It was originally anticipated that the special resin used in the treatment process would last 10 years.

It “wore out” much sooner than anticipated.

Water department staff is currently conducting a study to determine the best replacement resin. A report is expected next month.

The anion exchange system was installed to satisfy Ohio Environmental Protection Agency requirements to reduce the levels of trihalomethanes, or TTH, in the water provided to customers.

Officer

Council approved a memorandum of understanding with the Archbold school district for the creation and staffing of a school resource officer position.

Dettling said the Archbold School Board is set to consider the matter at its Monday, April 15 meeting.

She asked council to pass the measure as an emergency measure, meaning the action takes effect without the usual three readings-atthree separate meetings requirement.

She said the MOU is currently “kind of in draft form,” but she does not anticipate further changes.

Brian Huffman, a councilman, said village officials hope to have the school resource officer position filled before the end of July so a new officer will be ready to start with the first day of school, Wednesday, Aug. 21.

Huffman said the goal is to hold interviews over the summer so resource officers working in other school districts can apply for the Archbold position.

In other actions, council reviewed the Archbold Fire Department fire and EMS call responses for February, the engineering contract status report for February, information from the March 6 meeting of Archbold Park Board, and the finance and police and fire committee reports.

All council members were present; all votes were unanimous.

The next meeting is Monday, April 1, 7 pm, in council chambers.



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