How to resolve AdBlock issue? MOREAU — On Jan. 10 the town of Moreau found out that it was approved for a $12 million interest-free loan to help finance the sewer project. According to Moreau Supervisor, Todd Kusnierz, a number of large companies have already shown interest in locating to the commercial corridor on County Route 9 in Moreau.
“This was the piece of paper that was the final piece in the financing puzzle that we have been waiting for... Anxiously for,” Kusnierz said.
“We’re absolutely thrilled. This is the largest municipal project in the history of the Town of Moreau. It’s going to create incredible economic development opportunities, job opportunities for our residents and those in surrounding communities and most importantly it’s going to increase our commercial tax base.” There have been two previous attempts to bring a sewer plan forward; however, both were unsuccessful.
The $12 million interest- free loan was approved by the New York State Environmental Facilities Corporation (EFC), and will last up to 30 years. In addition, the sewer line will be financed by $4 million in grants, totaling in $16 million.
According to Kusnierz there will be a fee charged to landowners that will be predicated on assessed value; however, it will only be applied to the property owners that are contained within the legally- created boundaries of the district. It is roughly 94 parcels.
“When I took office it was clear to me that all the developments were to the north of (Northway) Exits 17, 18 and 19 or to the south of us (Exits) 16, 15 and 14 and it was because they had all the components for infrastructure that a commercial district needs,” Kusnierz said.
“We have been always lacking sewer and without sewer, no large company would come in and spend a lot of money that would bring great jobs. So it was clear to us that we had to put forward an affordable plan that the public supported.”
Moreau will soon be taking bids on engineering firms to work on the project. The project will be completed in November of 2021.
