Dayton City Manager volunteers to take pay cut

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By Lynn Hulsey, Staff Writer Updated 10:45 PM Wednesday, July 21, 2010

DAYTON — Dayton City Manager Tim Riordan is volunteering to take a pay cut worth three days of his salary — $1,700 — in addition to the three-day unpaid furlough he and other management employees took earlier this year.

The Dayton City Commission approved the pay cut at its meeting Wednesday, July 21.

“We are asking people to make sacrifices,” Riordan said. “Before I do that, I want to use myself as an example.”

He said he will not take off those three unpaid days.

The city continues to struggle with its budget, and he said more cuts are likely as officials work to balance next year’s budget.

The commissioners also had a bit of good budgetary news, voting on a pact with DP&L Energy that, through a combination of rebates and rate cuts, will save the city nearly $2 million on its electric and street lighting bill. The deal is retroactive to April and runs through December 2012. The savings will mostly benefit the water fund and the funds for general, airport and street lighting, Riordan said.

“We negotiated a deal with them,” he said.

Commissioners also approved a pilot homebuyer program in partnership with CityWide Development Corp. and the Wright-Patt Credit Union. It is the city’s first foray into a linked-deposit program for residential properties, and officials hope to eventually include other lenders.

The program for income-eligible homebuyers would leverage private resources to get foreclosed homes back into productive use, said Aaron Sorrell, manager of housing and neighborhood development. It uses $2.1 million in federal money to provide a forgivable mortgage buy down and credit enhancement on a second mortgage. Recent college graduates will be eligible for $1,000 in closing costs.

Wright-Patt Credit Union is pledging to make $20 million in loans. Sorrell said the program will cover about 75 homes.

Up to $500,000 will be available to repair homes.

Commissioners also agreed to invest $500,000 in federal funds to help the Dayton Miami Valley AFL-CIO Senior Housing Foundation renovate Lakewood Apartments at 980 Wilmington Pike. The money will be used for repairs necessary prior to a $30 million to $40 million private sector renovation of the city’s largest apartment building, Sorrell said.

Several Oregon District residents were also on hand to ask the city to withdraw its opposition to a liquor permit for the Inn Port D’Vino bed and breakfast at 22 Brown St.

Contact this reporter at (937) 225-7455 or lhulsey@DaytonDailyNews.com.

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