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Published: Monday, 3/25/2013

Sylvania weighing paying off treatment plant loan

BLADE STAFF

The city of Sylvania’s loan secured through Lucas County for several improvement projects at the Maumee River Wastewater Treatment Plant is approaching a due date in July.

Sylvania Service Director Kevin Aller is recommending to the Utilities and Environment Committee that the city pay off the $463,000 debt from the city’s $1.2 million rainy day fund, thereby saving about $220,000 in interest fees, Mr. Aller said.

The Utilities and Environment Committee will discuss the loan repayment options at 6 p.m. on April 1.

Its recommendations on how to repay the debt will be brought to City Council.



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