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December 3, 2013

Malone may get revolving loan

MALONE — A grant request made in 2005 might get funded now so the Town of Malone can improve water quality at 60 properties.

Town Supervisor Howard Maneely recently signed paperwork to seek an estimated $1.3 million from the New York State Department of Health’s Drinking Water State Revolving Fund.

A third water district would be created to serve 160 residents on Webster Street Road, Spring Flower Drive and Lower Park Street, including homes on Perrin Road and Mattimore Road.

HARD DEADLINE

Tim Burley of the town’s contracted engineering firm, C2AE, was to appear before the Town Council to hear which projects members wanted his agency to work on in 2014.

But instead the water-quality grant popped up unexpectedly and needed action before Nov. 29, he said.

“This wasn’t on my radar screen,” he said. “But we have a hard and fast deadline.”

LEFTOVER FUNDING

Burley said each revolving-loan application is ranked and graded each year, with priority going to the projects with the worst conditions.

Malone’s submission wasn’t deemed a high priority eight years ago, but it stayed on the list and continued to be considered.

The more needy projects have been corrected in the ensuing years, Burley said, and there is still money left to fund more projects, so Malone is now eligible for a financial-hardship grant and a loan with an interest rate of zero.

ALL IN DISTRICT PAY

Because the engineering report submitted with the 2005 application was old, the Town Council agreed to pay C2AE the $1,000 it would take to update it for the revised submission.

It states that 160 people will be served under the new water-distribution system and that the town would seek $1,328,000 in long-term funding.

Burley said the town might be eligible for as much as $950,000 of the cost in a low- or no-interest 30-year loan.

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