November 18, 2012

Franklin County mulls loans


He said the IDA agrees, as long as it has the commitment in writing, which could be accomplished with a resolution voted upon by legislators at their Dec. 6 meeting.


Once the pipeline financing is settled, the county can decide if it wants to borrow another $2 million at the same time for total replacement of Brainardsville Road (County Route 24).

It was used by dump trucks and cement mixers to reach wind-farm projects in Clinton County and eastern Franklin County shortly after receiving nearly $7 million in repairs during 2000 and 2001.

Noble paid for some road repairs then, but it needs entire resurfacing, according to County Highway Superintendent Jonathan Hutchins.

He said it would be cheaper to get a low-interest loan and do the work all at once instead of spending budget money during the next few years for periodic repairs or partial repaving.

Replacement could add as many as 15 years of life to the highway, which was built to state specifications and is therefore 10 feet wider than a typical county road and more expensive to pave and maintain, Hutchins said.

By the time the road is in disrepair, Route 24 could become eligible for state funding again, he said.

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