EARLVILLE – The Village of Earlville Water System Improvement Project has broken ground as Vacri Construction Corporation of Binghamton has been busy delivering pipe to the Village for the project. The draft schedule includes work at the tank site and along Route 12B in the first weeks of the project’s undertaking.
During construction, residents’ driveways will be impacted by the project; however the construction crew will be able to provide access for residents to their properties.
With the project underway, the clock has started ticking for the repayment of the bond. The project will conclude in 300 days and the first bond payment will be due approximately one year later. “Right off the bat we have had a difficult decision to make, but one that will give us financial security going forward,” said Mayor Mark Doeberl. “Because our water project is nearly right on schedule we will be having a Bond payment in the 2011-2012 fiscal year of $127,500. We have made significant changes in our budget to afford that payment, but since day one we have announced that a worst-case scenario increase to you would be $140.03 per year. I am very pleased to announce that after our public hearing on Aug. 11 and our Board meeting on Aug. 23, we have approved a water rate increase of just $40.00 per year for our Village residential customers.”