Village of Sherburne gets financing for $1.95 million water project
SHERBURNE – The New York State Environmental Facilities Corporation recently announced it would be providing $32 million in interest-free financing to 11 communities in New York state, including one in Chenango County.
The Village of Sherburne will receive financing for a $1.95 million water project. The funds, provided through the New York Clean Water and Drinking Water State Revolving Fund, will finance the cost of a new ground water source, transmission, a storage tank, and upgrades to the distribution system.
“The project addressed issues of inadequate supply and storage capacity, pumping equipment failure and aged and undersized distribution mains,” according to the EFC web site.
Since 1997, the Drinking Water SRF has provided New York communities with more than $2 billion in financing and $135.3 million in subsidies for drinking water improvement projects in 541 communities. The Drinking Water SRF is administered through the EFC in conjunction with the state Department of Health.
“The interest free financing provided through the State Revolving Funds Program will go a long way in advancing Governor Spitzer’s goal of revitalizing our communities. The funding makes it more affordable for these communities to undertake important projects that provide residents with safe drinking water and prevent water pollution,” said EFC President David Sterman in a press release.
A drinking water needs assessment conducted by the Department of Health in 2003, showed that many New York state communities require water system upgrades to meet federal drinking water standards. The combined cost of the proposed upgrades totaled $15 billion. A separate assessment performed by the EFC showed that New York Communities also need approximately $24 billion in infrastructure upgrades to waste water facilities in order to meet federal water quality standards.
In addition to financing Sherburne’s project, the EFC also provided financing to the Village of Clayton, the Town of Rutland, Chemung County, Town of Ticonderoga, Westchester County, Town of North Hempstead, Town of Claverack, Village of Malone, Village of Pulaski and the Village of Antwerp.
The Sherburne water project was completed in July of 2007; however the financing wasn’t announced until December.
The Village of Sherburne will receive financing for a $1.95 million water project. The funds, provided through the New York Clean Water and Drinking Water State Revolving Fund, will finance the cost of a new ground water source, transmission, a storage tank, and upgrades to the distribution system.
“The project addressed issues of inadequate supply and storage capacity, pumping equipment failure and aged and undersized distribution mains,” according to the EFC web site.
Since 1997, the Drinking Water SRF has provided New York communities with more than $2 billion in financing and $135.3 million in subsidies for drinking water improvement projects in 541 communities. The Drinking Water SRF is administered through the EFC in conjunction with the state Department of Health.
“The interest free financing provided through the State Revolving Funds Program will go a long way in advancing Governor Spitzer’s goal of revitalizing our communities. The funding makes it more affordable for these communities to undertake important projects that provide residents with safe drinking water and prevent water pollution,” said EFC President David Sterman in a press release.
A drinking water needs assessment conducted by the Department of Health in 2003, showed that many New York state communities require water system upgrades to meet federal drinking water standards. The combined cost of the proposed upgrades totaled $15 billion. A separate assessment performed by the EFC showed that New York Communities also need approximately $24 billion in infrastructure upgrades to waste water facilities in order to meet federal water quality standards.
In addition to financing Sherburne’s project, the EFC also provided financing to the Village of Clayton, the Town of Rutland, Chemung County, Town of Ticonderoga, Westchester County, Town of North Hempstead, Town of Claverack, Village of Malone, Village of Pulaski and the Village of Antwerp.
The Sherburne water project was completed in July of 2007; however the financing wasn’t announced until December.
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