Press-Republican

December 3, 2013

Malone may get revolving loan

By DENISE A. RAYMO
Press-Republican

---- — 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.

About 60 homes would make up the new district, and property owners would pay for the service even if they don’t tap into it since the presence of a water district improves property values.

The application states that 60 single-family homes, two commercial users and 7.5 vacant parcels would be charged for the new service.

The annual operational-and-maintenance costs of the new district are estimated at $20,480, and the annual system debt per user will be about $490 plus the cost of the volume of water each dwelling unit used each quarter.

FLOODED SECTION

A portion of the project includes Lower Park Street, a section of town that usually floods every year and forces residents to evacuate their homes.

Franklin County is spearheading an effort on the town’s behalf to gain a federal buyout of the 10 homes most severely impacted by flooding and whose well water is compromised each time.

Burley said the shallow wells and nitrate levels in the water were cited in the original application for creation of the water district.

Email Denise A. Raymodraymo@pressrepublican.com