The East Schuyler Water District project received a boost with the announcement that the town of Schuyler has been awarded a $1.25 million New York State Community Development Block Grant for the new district.
“We’re very, very happy with the grant,” said Town Supervisor Anthony Lucenti, noting that it will help bring down the cost to residents of the district. The cost could come down even further if the interest rate for a loan for the project is reduced from the current 2.2% to 0% based on hardship status, he added.
A survey of annual household income conducted last year by G&G Consulting showed the district qualifies for a zero-interest loan, but the town is waiting for approval from the state.
Ilion business: Rauch, Iocovozzi acquire Whiter-Hendrix Funeral Home
Cost estimates for annual debt service per property owner prior to the vote ranged from a low of $411 to a high of $659.32 a year for 30 years, with the final amount depending on how much aid the town receives.
Residents of the East Schuyler area voted last September to approve the formation of the new water district. That means property owners in the district will be able to purchase water from the Mohawk Valley Water Authority, which plans to run a regional transmission line along Route 5 from Schuyler to Herkimer.
While residents in the new district will not be required to connect to the regional line, all will pay debt service for the project. The East Schuyler district comes down Route 5 and includes Millers Grove, Watkins and Oak Hill roads.
Chris Lawton, vice president of Barton & Loguidice, is scheduled to attend the June 9 meeting of the Schuyler town board to give an update on the project and answer any questions, according to Lucenti. The meeting will start at 6 p.m. at the town hall on Route 5.
Earlier this month, RoAnn Destito, commissioner of the New York State Office of General Services, reported the state had approved the regional water line project along with $3 million to help offset the cost of the line.
Last year, the Herkimer County Industrial Development Agency was awarded a $1 million Northern Border Regional Commission’s Economic & Infrastructure Development Investment Program grant for the project.
The overall cost of installing the new regional water line is estimated at $24 million, according to Lawton.
Many residents in the East Schuyler Water District reported they were experiencing water quality and quantity issues and were buying bottled water, salt for water softeners and maintaining filtration systems, according to the town newsletter.
Plans for a regional water line project got underway when Ilion officials began looking for solutions to the village’s water problems and decided to put in a transmission main from the Mohawk Valley Water Authority.
The village of Frankfort and town and village of Herkimer as well as the town of…