Indian Lake water project receives $2.67 Million

INDIAN LAKE Thanks to a $2.67 million funding package, the town of Indian Lake will make major improvements to its municipal water system in 2008. Administered by the state Environmental Facilities Corporation, the money includes a $2 million direct grant to the town, along with a $670,000 interest free finance provision. According to a recent press release from Gov. Elliot Spitzers office, the money provided through the state Drinking Water State Revolving Fund will allow the town to complete necessary upgrades to meet state and federal water quality standards. The upgrades will also improve the systems operating efficiency and aid with water conservation efforts. Municipal water system improvements will include a new ground water well system, upgrades to existing distribution equipment, and the installation of water meters. The project is scheduled to begin in March, with anticipated completion by October. This funding package for Indian Lakes drinking water project is a significant part of our efforts to protect public health and aid in economic revitalization, Spitzer said in a prepared statement. Providing adequate funding for urgent drinking water infrastructure improvements is critically important to communities across the state. With the grant and interest savings over the 30-year financing term, the Town of Indian Lake will realize a savings of $3.9 million. Safe drinking water is priceless but providing it can be very costly, particularly for a rural community like Indian Lake that has a limited tax base, Sen. Betty Little said. This funding will provide the financial means to not only ensure the residents here have a quality water supply, but that the system is efficient and cost effective. I want to thank Governor Spitzer and the New York State Environmental Facilities Corporation for recognizing this communitys need and for making the funding available. The natural splendor of our Adirondack Region often obscures the recognition that our towns and villages suffer from failing, antiquated infrastructure, Assemblywoman Teresa Sayward said. This funding will ensure that Indian Lake will enjoy the most basic of needs safe drinking water. I look forward to the use of the revolving fund to help more communities within the Blue Line. Governor Spitzer sure picked one of the most important issues to prioritize here in Upstate New York, Indian Lake Town Supervisor Barry Hutchins said. Water infrastructure improvements are very costly and one of the most important needs of small communities. We thank him and all involved in addressing our local needs.

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