Oneonta Supervisor Robert Wood got permission from the town board to continue planning a proposed water district to serve Oneonta’s Southside during the board’s regular Wednesday meeting.
The move included authorization to have an independent company conduct an income survey of water-district residents, possibly in the next few weeks he said. The survey could be used to qualify for lower-cost funding from state and federal sources, Wood said.
The town board’s decision came after Wood announced some recent success in obtaining the $8.8 million needed to fund the project.
Following the recent decision by the Otsego County Industrial Development Agency to co-fund the project, the town received the score necessary from the state Environmental Facilities Corporation to provide a combination of grants, no- or low-interest loans and market-rate loans. Wood said further details are expected in the next few months.
During that time, Wood said, he expects to hear from the U.S. Department of Agriculture Rural Development on what funding it has available.
The town was hoping to get an equal amount of state and federal funds for the project, Wood said.
That total state funds needed could be reduced because the project was selected by the Mohawk Valley Regional Economic Development Council as a priority project, Wood said. He said he hopes to hear of grant funding from this source by the end of the year.