City Council likely to OK water rate increase

On T ue sday, the Le b anon City Counc il is sc he dule d to approve more than 14 pe rc e nt in wate r rate inc re ase s, 8.3 pe rc e nt, e ffe c tive A ug.1, and 6 pe rc e nt, e ffe c tive Jan.1.

T he first inc re ase is to raise e nough re ve nue to me e t standards se t on b onds sold to financ e wate r syste m improve - me nts.It is e xpe c te d to c ost the ave rage re side ntial use r ab out $2 .2 3 a month more .T he 6pe rc e nt inc re ase is the late st in a se rie s planne d to offse t c osts following the c ity’s switc h to b uying wate r from the City of Cinc innati.

T he c ounc il is also sc he dule d to c onside r a 1.2 5 pe rc e nt pay inc re ase and me rit inc re ase s of up to anothe r 1.2 5 pe rc e nt for c ity staff.

T he c ounc il is also sc he dule d to c onside r approving donation ofthe c ity’s c ommunity c e nte r prope rty at 14 W .S ilve r S t.to support de ve lopme nt ofa ne w LCNB Corp.he adquarte rs on Broadway.T he b ank is planning to re de ve lop the southwe st c orne r at S ilve r and Broadway as a 45,0 0 0 -square -foot offic e b uilding and parking lot.

T he transfe r ofthe prope rty is c ontinge nt on state approval ofrac e trac k re de ve lopme nt funding to offse t the c ity’s loss oftax re ve nue due to re loc ation ofthe rac e trac k afte r le galization ofrac inos in Ohio.

T he c ity is also sc he dule d to c onside r se lling 2 7.3 ac re s for $513,0 0 0 to a de ve lope r planning a re side ntial de ve lopme nt on U S 42 , south ofLe b - anon.T he c ounc il me e ts at 7 p.m.T ue sday at c ity hall, 50 S .Broadway in Le b anon.For more information, c all 513-93372 0 0 .