February 22, 2016
The Ohio Water Development Authority (OWDA) has implemented an interest rate change which will lower two loans with rates higher than four percent to the four percent interest rate for the remainder of the loan. The rate change was effective with the January 1 2016 payment. The District will realize a savings of $29,895.19 over the ten year period. The infrastructure improvements will benefit from the payment strategies provided by OWDA.