Thursday, Oct 27, 2016
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Sylvania weighing paying off treatment plant loan

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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