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Local

Water line improvements slated for Shafer, South streets

Liability insurance policy is approved

Jared Baker
Granville village president
Jared Baker Granville village president

GRANVILLE — Village leaders continue to advance efforts to bring water line improvements to Shafer and South streets in Granville.

Having previously approved the design engineering agreement with Chamlin & Associates Inc. of Peru, and determining to seek an EPA loan to cover costs, the board moved at its Nov. 19 meeting to establish its intention to pay for this project solely with agency funds, grants or loans.

Estimated costs for this project — with the 10 percent contingency that the EPA requires — total $412,000.

Using fiscal year 2020 information, Mike Richetta, engineering consultant, said that Granville meets the requirements for a disadvantaged community, in that its population is less than 15,000 residents, while its median income is less than the state average.

According to Richetta, this qualifies Granville for as much as 60 percent principal loan forgiveness and would qualify the village to extend the term of the loan from 20 years to 30 years, if desired.

Richetta said if the village chooses a 20-year term, it would face a 1.5 percent interest rate on the principal of the loan, and that though extending the term of the loan to 30 years may be attractive, with a 60 percent loan forgiveness, this would likely not be necessary.

The village’s funding plan must be submitted to the state by Jan. 31.

In terms of paying for the loan, Richetta recommended that the village express its intention to pay for it on the loan application through operations maintenance costs, collected in water billing and debt service — this, without raising rates.

In other news, the board approved the annual liability insurance coverage offered by Mike Gonet of Hartauer Insurance Agency of Granville. With an increase of $850 over last year’s premium, annual costs for this coverage total $47,089.

Gonet also presented the prospect of an equipment breakdown policy, which covers such things as mechanical breakdowns of equipment, at an annual cost of $5,840. The deductible for this plan totals $2,500 for each incident.

Gonet also encouraged the board to consider acquiring cyber liability coverage of $100,000, at an approximate cost of $2,500 to $3,500 per year.

Gonet’s added recommendations will be considered further by the board.

In other action:

• The board authorized the purchase of a snowplow from Bonnell Industries Inc. of Dixon at a cost of $7,821. This price includes a trade-in of the village’s plow, valued at $3,000. Acting Superintendent of Public Works Kevin Moore has been authorized to make the final decision on this purchase, based on his review of the specifications of the plow.

• Also, the board approved a change in full-time village employee health insurance coverage. In view of an anticipated 14 percent rise in premiums for coverage offered by United Healthcare, village leaders opted to secure health care coverage with Blue Cross and Blue Shield, utilizing a Blue Choice plan, at a cost of $85,797.

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