The City of Elyria has approved up to $5.2 million in financing for a major infrastructure project known as the Chestnut Commons Connector.
City Council passed legislation during the April 20 meeting authorizing the issuance and sale of notes in anticipation of bonds to help fund a portion of the project. The funding will support construction and infrastructure improvements tied to the connector.
According to the legislation, the project includes constructing and reconstructing streets, installing sidewalks, and building water and sewer infrastructure. Plans also call for stormwater drainage improvements, traffic signalization, lighting, and the relocation of existing utilities as needed.
The Chestnut Commons Connector has been in development for several years and is tied to broader efforts to improve traffic flow and support commercial development in the area. Previous plans for the connector date back to earlier multi-million dollar proposals, though the full scope of the current phase was not discussed during the meeting.
Council approved the measure under suspension of rules, allowing it to pass without the standard multiple readings typically required for ordinances.
City officials did not specify the exact timeline for construction or how much of the total project cost the $5.2 million will ultimately cover. It is also not known at this time whether additional funding will be required to complete the project.
Further details about the Chestnut Commons Connector project are expected to be released as planning and construction move forward.
