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Commissioners approve 0% 20-year water loan and tie-on protections for Erie Road residents
Summary
The board approved a county-crafted water agreement to extend a public water system to Erie Road residents: a 20-year, 0% interest loan with tie-on protections for future customers; commissioners were told five households are affected and one resident has been hauling water for about 60 days.
Allegany County commissioners voted to approve a water agreement intended to provide a public water system to residents on Erie Road.
Mr. Patterson said residents worked with contractors to prepare bids and the county, with Attorney Lee Beeman’s assistance, drafted an agreement he described as favorable to residents. He said the agreement would allow residents to repay a loan over 20 years at 0% interest and includes protections so that if new customers tie into the system later, existing residents are not saddled with unfair costs — new connections would pay a portion based on the total debt service paid to date and the loan would be recalculated accordingly.
Mr. Patterson said about five residents are involved and that one resident had been hauling water for roughly 60 days. Commissioners approved the agreement by voice vote.
