City of Bay Village Council Minutes Committee Session 2026-05-04
OWDA loan agreements for EQ tank financing
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Description
Bay Village officials reviewed two Ohio Water Development Authority loan agreements to finance construction of the EQ tank, with scheduled payments of $243,801.12 due in July 2026 and January 2027. Appropriations will ensure the January 2027 payment is properly reserved in the 2026 bond retirement fund.
Contract Details
Contract Amount
$243,801.12 first payment; $243,801.12 second payment
Vendor
OHIO WATER DEVELOPMENT AUTHORITY
Agency
Town of Bay, OH
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
First payment due July 1, 2026; second payment due January 1, 2027
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