4/16/19 – 5:27 A.M.
Carey’s village council moved ahead with plans to reconstruct the village’s wastewater treatment plant Monday. Council members approved a resolution to go forward with the project. Peterson Construction of Wapakoneta submitted the winning bid at a little more than $10 million.
The village plans to borrow around $14.5 million to cover the construction and related costs. Council members discussed payment plans Monday. They included 20-year, 22-year, and 25-year payoffs. Carey has a half-percent income tax in place that generates around $700,000 for improvements. Council members say they want to stay under that amount for the repayment plan.
MORE: Complete breakdown of how Carey plans to pay for the new treatment plant