Homeowners whose houses are in the first phase of the North Pointe subdivision, North Pointe Drive, have reason to celebrate, as their special assessments have been paid off.
Archbold village council wrapped up issues related to the special assessments during its Monday, April 2 meeting.
When construction on the subdivision project started in 1989, the Village of Archbold agreed to pay for curbs and gutters, and to provide the engineering for the subdivision.
It’s a standard agreement the village makes with developers.
The village finances its share of the project by selling bonds to investors.
Money to repay the bonds comes from special assessments against individual lots in the subdivision.
Persons who buy lots in the subdivision have the choice to pay off the bond up front, or be billed twice yearly on their property tax bills over 23 years.
The bonds to finance the village share of the first phase of North Pointe have been repaid, so special assessments stop.
The village still had $7,844.86 in the account to make bond payments. Council approved transferring the remaining funds into the general fund.
Council also reviewed and approved the reports of the Tax Incentive Review Committee and the Village Housing Council.
The TIRC reviews enterprise zone agreements in the village. There is one remaining agreement.
The Housing Council reviews tax abatements through Community Reinvestment Act agreements. There are eight CRA investment agreements active. Three expired this year.
All agreements were found to be in compliance.
Water Plant Equipment
The village will take bids for water treatment plant equipment, despite the fact only one company manufactures the equipment the village needs.
Dennis Howell, Archbold village administrator, explained the village currently uses carbon dioxide gas as part of the water treatment process.
The gas is fed into water by bubbles.
The old system is incompatible with the new ionexchange treatment system the village plans to add to the water treatment plant.
The new treatment is required to meet Ohio Environmental Protection Agency standards.
Howell said the system needs a pressurized carbon dioxide solution feed system, which uses carbon dioxide gas and water to make a solution, which is then added to the water supply. It is automatic and more accurate than the current bubble system.
The new equipment costs $86,500. Because it exceeds $50,000, village officials must advertise for bids for such a system.
All council members were present.
The next council meeting is Monday, April 16, 7 pm, in council chambers.–David Pugh