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Local News

January 12, 2013

Otsego reps question MOSA appraisal

COOPERSTOWN  — A new appraisal report on the real estate assets owned by the regional trash authority known as MOSA estimates that the agency’s properties are collectively valued at about $6.4 million, a MOSA board member confirmed Friday.

The report has been shrouded in secrecy since it was discussed last month at a MOSA board meeting. The appraisal was completed by a Syracuse-based company, CRA, after Otsego County began its push to break away from the authority known officially as the Montgomery Otsego Schoharie Solid Waste Authority.

Edward Wesnofske of Oneonta, one of eight MOSA board members, confirmed the value given for MOSA’s assets when he was contacted by The Daily Star.

Wesnofske, in response to questions, said the report pegs the value of the so-called southern transfer station in Otsego County, located in the town of Oneonta, at $2.1 million. It estimates the value of the northern transfer station, off state Route 28, just south of Fly Creek, at $730,000.

Some Otsego County government officials say they are concerned that the appraisal overvalues the two transfer stations in Otsego County. If that is the case, they said, the county could end up getting less than its fair share once it officially breaks away from the authority.

Under the original agreement that led to the creation of MOSA, Otsego County has a 40 percent stake in the authority. County officials think Otsego is entitled to 40 percent of the value of MOSA’s assets once its connection with the agency is severed.

Otsego County Rep. James Powers, R-Butternuts, who is also a MOSA board member, said the values given to the two transfer stations in Otsego County are “very high.”

“I think the depreciation rates for what they have are too high and not high enough for ours,”  he said. “If you were going to go out and sell these facilities, the price would be much higher for theirs and much less for ours.”

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