The village of Archbold is proposing a formula that would guarantee revenue to German Township for any future annexation of land.
The agreement still has to be approved by the township board, but negotiations have stalled and both sides have not been able to meet. If approved the village would pay the township an amount equal to 0.7 mill or the inside millage the township would no longer be able to collect.
The term would be for 20 years.
In other news:
The council reviewed its contract project list and learned all of the projects for 2016 were completed.
Projects for 2017, show Lafayette Sidewalk is 70 percent complete; the Sanitary Sewer Interceptor is 99 percent complete and the ball diamonds are still in the design stage.
A check on bond debt shows the village has about $615,000 in interest due and $3.485 million in principal due. Two bonds for Woodland Park will be paid off this year.
The 2017 meeting schedule for the Archbold Village Council will remain on the first and third Mondays of the month at 7 p.m. Some exceptions are in July, September and October.
Upcoming meeting dates are:
Feb. 6 and 20
March 6 and 20
April 3 and 17
May 1 and 15
June 5 and 19
July 10 and 24
Aug. 7 and 21
Sept. 11 and 25
Oct. 9 and 23
Nov. 6 and 20
Dec. 4 and 18
James Pruitt may be reached at email@example.com
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