Cumberland Times-News

Latest news

March 24, 2013

$4.2 million USDA loan will allow water/sewer projects to continue

Forthcoming funding will be used for Mount Savage, Jennings Run improvements

CUMBERLAND — The Allegany County commissioners were informed Thursday that a U.S. Department of Agriculture loan for $4.2 million will be forthcoming next week for the ongoing improvements to the Mount Savage water distribution system and the Jennings Run sanitary sewer system.

Jason Bennett, the county’s director of finance, said during the regular meeting of the commissioners that the loan is for 1.875 percent paid over a 40-year term.

“The USDA is doing us a favor to get this done before the (federal) budget fiasco hits,” said Bennett.

The debt service payment on the loan wil cost the county about $157,000 annually, according to Bennett.

In other county news, the dissolution of the Rawlings Water Company continues as the county moves forward in taking over water service to that area.

Paul Kahl, who represents the Rawlings system, said that the USDA has offered funding in the form of a $189,000 loan and a $556,000 grant for the next phase of improvements.

The commissioners voted to approve the application for the funding package.

A block grant of $800,000 was the initial primary source of funding for the needed improvements.

Also, the commissioners passed code home rule bill 2-13, which will give homeowners a $500 annual tax credit for installing a sprinkler system in their home.

Westernport resident Tim Dayton, who is chairman of the State Fire Prevention Commission, was pleased with the decision.

“I want to thank you for doing this. It insures the public’s safety and the safety of our firefighters,” said Dayton.

The tax credit is for residential automatic sprinkler systems in one- or two-family dwellings. Properties in both incorporated and unincorporated areas are eligible.

Attorney Bill Rudd said the tax credit goes into effect on July 1 and can be utilized for a three-year period.

Greg Larry can be contacted at glarry@times-news.com.

1
Text Only
Latest news
Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow
Facebook
Must Read
House Ads
NDN Video
'Hunger Games: Mockingjay Part 1' Sneak Peek GMA: Dog passes out from excitment to see owner Chapter Two: Designing for Naomi Watts Baseball Hall of Famers Inducted Florida Keys Webcam Captures Turtles Hatching Morgan Freeman Sucks Down Helium on 'Tonight Show' Robin Wright Can Dance! (WATCH) She's Back! See Paris Hilton's New Carl's Jr. Ad Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years
NDN Video
'Hunger Games: Mockingjay Part 1' Sneak Peek GMA: Dog passes out from excitment to see owner Chapter Two: Designing for Naomi Watts Baseball Hall of Famers Inducted Florida Keys Webcam Captures Turtles Hatching Morgan Freeman Sucks Down Helium on 'Tonight Show' Robin Wright Can Dance! (WATCH) She's Back! See Paris Hilton's New Carl's Jr. Ad Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years