Oneonta town officials will review funding and costs for the proposed Southside Water District during a meeting at the Holiday Inn, Oneonta, at 7 p.m. Wednesday.
The proposed $8.8-million project would provide water service to residences and commercial properties on Southside Oneonta. Supervisor Robert Wood said starting in June, town officials will seek signatures for a petition to approve the project.
The ultimate yields of having a guaranteed-safe water system and sure supply outweigh will outweigh the costs of the district, Wood said.
Users’ annual costs would pay debt service and operations and maintenance and are based on one “equivalent dwelling unit,” Wood said. The EDU is 100 gallons per person per day multiplied by 2.6 persons per household to equal 260 gallons per day.
The annual cost per EDU is estimated at about $450 or $500, depending on possible grants from two additional sources, Wood said. Commercial users probably would use more than one EDU, which means that their bills would be higher, he said, and some estimates will be available later.
The town’s Woodland Water District is a well system, Wood said, and the Plains Water District purchases water from the city of Oneonta. A sewer district exists along the Southside commercial corridor, Wood said.
The town looked into buying water from the city for the proposed Southside Water District, he said, but that expense would be greater than if the district set up a well system.
Wood said the basic funding package is set for the proposed district.
Of 589 equivalent dwelling units, 289 are in the residential District 1 and 350 are in the commercial District 2. Total costs are $6 million for District 1 and $2.8 million for District 2, with District 1 carrying 41 percent and District 2 carrying 59 percent of the debt service, according to the plan.
Grants awarded toward the project include $2 million from Environmental Facilities Corp.; $500,000 from Empire State Development; and $750,000 from U.S. Rural Development, a fiscal document said.