HUBER HEIGHTS — The financial future of Huber Heights looks a little brighter thanks to actions taken Monday night by city council.
Council approved a resolution that accepted an agreement between the city and Montgomery County for an Economic Development and Government Equity (ED/GE) Program that is part of the NDC Technologies expansion in the city.
NDC Technologies is moving its corporate headquarters from Irwindale, Calif., to its facility on Technology Boulevard in Huber Heights. The move will create 42 new jobs and will include a $575,000 renovation and expansion. NDC received $75,000 in grant funding from the city, which will be reimbursed to the city by Montgomery County under the terms of the EDGE agreement.
City Council also approved a long-term debt payment plan for the Rose Music Center and Carriage Trails development.
Assistant City Manager Donnie Jones explained that the city has negotiated long-term refinancing for debts from the music center and housing development. The city had been rolling the debt over in one-year notes, but has been able to obtain favorable rates that should result in significant savings over the life of the payments.
The first will be a 25-year fixed-rate refinancing of $10,865,000 related to the music center and Carriage Trail special assessments. The second is a 17-year fixed-rate payment plan for $6,025,000 of debt from Carriage Hills tax incremental financing (TIF) expenditures.
Council also addressed a number of other issues during its four-hour meeting Monday. Those actions included:
- Appointing Ciara Ayson to the Arts and Beautification Commission for a term expiring June 30, 2020.
- Approving a three-year contract with the Rozzi Company to continue providing fireworks for the city’s Fourth of July celebration. The agreement runs through 2019.
- Approving supplemental appropriations for additional costs for the city newsletter for the remainder of the year ($20,000); legal advertising for the charter amendments that will appear on the primary election ballot ($4,000); K-9 police supplies ($1,400); traffic studies on the State Route 4 and State Route 202 intersections ($33,000); $75,000 for the NDC Technologies EDGE project; and various advances from city funds to pay for infrastructure in the Carriage Hills subdivision ($3,150,000). Council Members Glenn Otto and Richard Shaw voted against the appropriations due to their opposition to the city’s role in Carriage Hills financing.
- Awarding a contract to Durst Brothers Excavating Co. for sanitary sewer replacement. The contract is not to exceed $80,000.
- Approving a resolution that expressed approval of the development of state and national bicycle routes in Ohio.
Reach Dave Lindeman at 937-684-8983 or on Twitter @HH_Courier.