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Waynesboro gets low-interest loan to fix runoff issues

$6.3 million loan from PennVEST should cover remaining cost of project

July 21, 2010|By JENNIFER FITCH

WAYNESBORO, Pa. -- WAYNESBORO, Pa. -- The Pennsylvania Infrastructure Investment Authority (Penn-VEST) announced Wednesday it awarded the Borough of Waynesboro a $6.3 million, low-interest loan.

The money will be used to fix storm water runoff problems in the south end of town, according to a news release and borough officials.

Borough Council President Craig Newcomer said the problems with storm water drainage, which led to flooding in homes and yards, should have been addressed years ago. He said he stepped outside and yelled in happiness when he was told via text message the loan had been granted.

"It's going to be a tremendous burden lifted for finances. ... This is going to be so much better because we can create a system to take us into the future," Newcomer said.

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PennVEST did not approve Waynesboro's application in several previous rounds of funding.

Borough Engineer Kevin Grubbs said the cost estimates for the project have been reduced. Some work has been completed, and the Pennsylvania Department of Environmental Protection said changes cannot be made to the Cemetery Avenue outfall's bottom as planned, he said.

The $6.3 million loan should cover all the remaining costs, Grubbs said.

The money will be borrowed at an interest rate of 1 percent over 20 years, Newcomer said. The council hasn't yet decided how to make payments, but much of the money could probably come from existing revenue streams, he said.

"There's a lot of paperwork still ahead," Grubbs said, saying borough officials want to start work on the outfall as quickly as possible.

The council is expected to talk about PennVEST at its meeting at 7:30 tonight.

Also listed in the PennVEST news release was a project in Fulton County, Pa. The Fulton County Conservation District received an $837,000 grant to construct manure storage and handling facilities as well as a riparian buffer to protect Cove Run.

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