Excessive Heat Warning issued July 20 at 10:21AM EDT until July 20 at 8:00PM EDT by NWS Wilmington (details ...)
...EXCESSIVE HEAT WARNING REMAINS IN EFFECT UNTIL 8 PM EDT THIS EVENING... * HEAT INDEX VALUES...Around 105 to 110 due to temperatures in the mid 90s, and dewpoints in the mid 70s. * TIMING...Through this evening. * IMPACTS...Heat stroke, heat exhaustion and other heat related illnesses will be possible, especially if you spend a significant amount of time outdoors, or are involved in any strenuous outdoor activity. The cumulative impacts of heat on the human body can be significant when consecutive days of excessive heat occur.
Today 95° Today 95° 77° 77° slight chance Tomorrow 90° Tomorrow 90° likely 68° 68° likely
Wednesday, July 7th, 2010

Revolving loan approved

Funds will go toward land buy at Grand Lake Industrial Park

By William Kincaid
CELINA - City council members on Tuesday approved the final reading of an ordinance to issue $100,232 to Rob Kraner from the city's revolving loan fund. The move will finance the purchase of 12.59 acres of city land in the Grand Lake Industrial Park.
At the special meeting, council members Bill Sell, June Scott, Mike Sovinski, Angie King and Myron Buxton voted yes, while Jeff Larmore abstained and Ed Jeffries cast the lone dissenting vote.
Council members already approved the land sale to Kraner to construct Grand Lake Warehousing, a 60,000 square-foot facility.
On Tuesday night, Celina Planning and Community Development Director Kent Bryan reiterated that Kraner will pay the same when interest is taken into account compared to the city's initial $10,000-an-acre option at zero percent interest.
The 20-year loan at 2.41 percent interest mandates a total payment of $125,290, even if Kraner pays it early.
According to Bryan, the revolving loan sum administered to Kraner will be returned and used to pay the city's debt on the Grand Lake Industrial Park.
In January 2009, the city refinanced its debt on the park through a 15-year-bond at 4.75 percent interest, according to city auditor Emily Stewart. The principal of that bond is about $445,144.
Kraner's annual interest payments will replenish the city's revolving loan fund, Bryan said.
On Tuesday night, council members also passed the second reading of an ordinance to advertise and accept bids for improvements to the Grand Lake Industrial Park. It was passed as an emergency measure, with all council members voting yes, except Jeffries.
A $200,000 Ohio Department of Development (ODOD) roadwork grant obtained by Mercer County will be used by the city to extend and realign Havemann Road into the industrial park for use by Grand Lake Warehousing and Versa Pak, which is expanding its business.
The project is estimated at $400,000 and the city must match the $200,000 grant through in-kind labor and funds from the Staeger Road Tax Increment Financing (TIF) fund, according to Bryan.
Bryan said the city's goal is not to exceed taking more than $150,000 from the Staeger Road TIF for the project.
Additional online story on this date
The awful smell emitted from the algae in the lake likely isn't harmful to humans unless they are directly exposed to the water by activities such as jet skiing and tubing, a state health official said. [More]
Subscriber only stories on this date
Faber: Lake fix will take unity, legislation, funds
Celina's drinking water safe, despite warning about source
St. Marys board responds to former teacher's lawsuit
Village expects government funds for projects
New job service gets grant
Cavaliers' Klenke blanks Redskins with one-hitter
'Riders earn rematch with Wildcats
Mariners get blown out by the Joes