MVSD to distribute surplus funds

Staff report

MINERAL RIDGE

The Mahoning Valley Sanitary District Board of Directors has approved distribution of surplus funds totaling $5 million to Youngstown, Niles and McDonald.

Under the resolution the four-member board unanimously approved Thursday, Youngstown will get $3.7 million; Niles will get $1.2 million; and McDonald will get $100,000.

The distribution is subject to the approval of Judges Lou A. D’Apolito of Mahoning County Common Pleas Court and Ronald Rice of Trumbull County Common Pleas Court, said Alan Tatalovich, district secretary.

The resolution says the MVSD board has determined that the district’s treasury will have $5 million in available surplus funds as of Dec. 31.

Tatalovich said this is the first time in his 30 years with MVSD that the district will be distributing surplus funds to communities it serves.

The resolution says the money is being given to the three communities in proportion to the amount of MVSD water pumped and billed to them.

It says the surplus distribution is being made “for the purpose of infrastructure improvements and related equipment necessary to maintain and distribute safe water supply.”

The surplus money will be dispensed in three installments: $2 million each on June 30 and Sept. 30 and $1 million on Dec. 31, the resolution says.

The district furnishes treated water from Meander Creek Reservoir to Youngstown, Niles and McDonald, which supply it to Girard, Canfield, Lordstown, Craig Beach and portions of 10 townships in Mahoning and Trumbull counties.

The 7-mile-long reservoir has an 11 billion gallon capacity. And the district pumps an average of more than 20 million gallons of water a day and serves about 220,000 people.