The Press Newspaper
The State Controlling Board has authorized the release of $200,000 for public road improvements in Perrysburg Township for an expansion project at First Solar, Inc.
The township has also committed to the project, which includes upgrading water and sewer lines on Cedar Park Boulevard.
In January, First Solar announced it has received two grants from the Ohio Department of Development for new machinery and equipment. When complete, the addition will include two manufacturing lines, offices, and warehouse space.
The company is headquartered in Phoenix, Arizona, and manufactures photovoltaic solar modules at the Perrysburg Township facility.
As of March 20, the district had spent about $9.46 million, roughly $317,000, or 3.2 percent, less than it had projected it would spend.
In fiscal 2008, which ended June 30, the district spent about $9 million and had revenues of $10.4 million.
“We continue to see large increases over 2008 in the areas of purchased services and supplies and materials,” Mr. Welker writes, adding that an agreement with FirstEnergy will result in a drop of about 8 percent in electrical rates at all of the district’s buildings except for Pemberville Elementary School, which has a different provider.
The district had projected total revenues to reach $9.97 million this year but has actually collected about $10.8 million, with the largest increase coming from general property tax revenues reaching $3 million to date, $332,424 more than projected.
But Mr. Welker emphasizes the district receives its final property tax settlement in March and next month’s revenue figures will be “very close” to the total yearly projection.
The event is set to start at 6 p.m. and will be held at the Veterans Memorial Park.
The trustees noted that Schulte, “by his length of service and diligent work for Lake Township has rendered an invaluable service to the residents of Lake Township, which deserves recognition and appreciation.”