Sunday, January 29, 2012

Buckeye Water Gets A Stay From 7th District

The Seventh District Court of Appeals has issued a stay on Columbiana County Common Pleas Judge Pike's latest ruling against Buckeye Water District. That ruling was made in mid-December in favor of the City of East Liverpool in their breech of contract law suit. Legal arguments for both sides are scheduled to be heard on February 29 in Youngstown.

In his December ruling in favor of the City of East Liverpool, Judge Pike declared that only $27, 469 of the $4.2 million garnished funds is protected. The protected amount is an Ohio Water Development Authority reserve account . Buckeye water said some $750,000 in bonded reserves should also be protected. Those funds are bonded amounts for debt service issued by the USDA and Ohio Public Works Commission. Buckeye Water appealed that decision to the Seventh District.

The Water District has scheduled a Special Board of Directors meeting next Wednesday. The purpose of the meeting is to discuss “current litigation” and is expected to be held in Executive Session.

ole nib

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