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Ti awarded interest free loan for Black Point sewer

TICONDEROGA A year-long effort has paid off for the Black Point sewer district. Ticonderoga has been awarded $2,420,062 for the project by the New York State Environmental Facilities Corporation. We have been working on this interest free loan for over a year hoping it would come to fruition, Ti Supervisor Bob Dedrick said. It was a lengthy process but well worth the results. The interest-free financing provided through the State Revolving Fund Program will go a long way in advancing Gov. Spitzers goal of revitalizing our communities, ECF President David Sterman. This funding makes it more affordable for these communities to undertake important projects that provide residents with safe drinking water and prevent water pollution. Since 1991, the Clean Water SRF has provided approximately $12.68 billion in financing and $1.19 billion in subsidies for more than 1,300 water quality related environmental projects in New York State. It is administered by EFC in partnership with the New York State Department of Environmental Conservation (DEC). The Drinking Water SRF is jointly administered by EFC and the State Department of Health (DOH). Since 1997, the program has provided more than $2 billion in low-cost financing and grants, and $135.3 million in subsidies for 541 drinking water improvement projects throughout the State. DEC Commissioner and EFC Chair Pete Grannis said, The financing announced today is another example of how we can partner with communities to help them with important projects that will protect the environment and enhance their quality of life. State Health Commissioner Richard F. Daines, M.D. said, The New York Drinking Water State Revolving Fund will help these communities make the necessary improvements to their drinking water systems so that residents will have access to safe and healthy drinking water for years to come.

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