Yough Sanitary Authority given $500,000 credit line
VANDERBILT – Widmer engineer Marie Hartman said Monday that the Yough Sanitary Authority was granted a $500,000 line of credit through Scottdale Bank and Trust Company. “The way the RUS (Rural Utilities Service through the USDA Rural Development) financing works is that you have local share money, which is basically your line of credit money that has to be spent first,” said Hartman.
“After that, we will have a loan closing on the RUS loan money that we have to spend secondly and then we move on to the RUS grant money, which is spend last,” she continued. “We are required to spend the line of credit money before we ever get into the federal money.”
Hartman said Scottdale Bank and Trust Company gave the authority a 2.75 percent fixed rate. She also said that by going with the Scottdale Banks and Trust Company the authority saved $11,000 in legal fees.
The Yough Sanitary Authority will receive a $4.2 million RUS grant and a $3.2 million RUS loan to help fund the $7.9 million project with two pumping stations and a sewerage treatment plant.
Hartman said the 210,000-gallon sewage treatment plant would be built on the Vanderbilt Borough side of the Dawson Bridge and would service about 700 families and business in the area.
“We are still in the design phase of the project,” said Hartman. “That will take about a year so we are figuring about two years before the project is completed.”
About 14 miles of sewer lines in parts of Dickerson Run in Dunbar and Franklin townships, Hull Town in Lower Tyrone Township and in the boroughs of Vanderbilt and Dawson will be installed in addition to a pumping station on the Vanderbilt side of the Youghiogheny River and a pumping station on the Dawson side of the river.
The engineers plan to go under the Youghiogheny River in order to complete the pumping station on the Dawson side of the river.
In other matters, the authority board or directors agreed to:
– Pay $70,000 in bills, which included a $3,415 insurance bill.
– Extend the life of the authority for an additional 40 years. The board instructed solicitor Richard Husband to extend the life of the authority from 2005 to 2045. The authority was originally founded in 1965, according to authority chairman Joseph Ambrose.
Husband said Dawson and Vanderbilt boroughs and Dunbar and Franklin townships will have to sign a resolution agreeing to the 40-year extension.
– Remind residents that workmen are still in the area measuring basements. Hartman said all workmen have identification and at the request of the homeowner will produce the identification. She also said that if residents don’t believe that the workmen are legitimate they could ask to see their driver’s license.
Hartman additionally reported that the workmen have already measured about 75 percent of basements in the projected work area.
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