Bowerston Village Council Special Meeting Minutes February 2026
Village approves USDA financing for water project
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Description
The Bowerston Village Council approved entering into a financing agreement with USDA for a $1,200,000.00 loan and $1,585,000.00 in grant funding toward the $5,437,000.00 Water Distribution Project. Ordinance 2026-02 authorizes the 2026–2066 loan and establishes required reserve savings for catastrophic events.
Contract Details
Contract Amount
$1,200,000.00 loan and $1,585,000.00 grant (total USDA funding $2,785,000.00)
Vendor
USDA
Agency
Bowerston village, OH
Contract Type
FINANCIAL_SERVICES
Document Date
February 3, 2026
Contract Term
2026 to 2066 (loan)
Renewal Date
2066-12-31
Renewal Info
Financing authorized by Resolution 04-2026 and Ordinance 2026-02 for a USDA loan running from 2026 to 2066; reserve and reporting obligations continue throughout the loan term.
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