By 1808Delaware

On Monday evening, Delaware City Council will be holding a Work Session to listen to and discuss three presentations on local real estate and energy, and to hold a discussion on a possible utility extension.

The presentation on real estate will be made by Pete DiSalvo of DiSalvo Development Advisors, who will be sharing the Delaware Real Estate Market Assessment. In information shared by Sean Hughes, Economic Development Director, “A real estate market assessment is a tool that looks at current market conditions including community demographics (including labor force), inventory, rates, occupancy, etc. and utilizes that information to provide a feasibility analysis for future development.”

As a part of the Executive Summary to the Assessment, the consultant shared this finding, “It is DDA’s opinion that a market exists at varying levels for all types of commercial and residential (re)development throughout the city.”

The next two discussions will center on the opportunities and issues surrounding municipal energy aggregation. These will be led by Greg Bechert, Managing Partner at Scioto Energy and Fritz Drake, Business Development Manager at Scioto Energy; and by Chuck Keiper, Executive Director of Northeast Ohio Public Energy Council (NOPEC).

According to City Manager Tom Homan, the first will be an overview of how the city purchases power, and a perspective on aggregation. The NOPEC is a Council of Governments which provides aggregation for 240 Ohio Communities.

Lastly, Council will talk about the extension of sewer services to the Evans Farm development.

The meeting will be held via Cisco Webex, visible on the City’s Facebook Page, and will start at 6:30 PM.

Source: City of Delaware; Photo: 1808Delaware

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