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Town
needs more
money for
wastewater
By Stkphkn Darjhnu
ItsppxhAtinMck News Stuff Writer
The Virginia agency that approved and fiinded the loan to the town of Washington to build a wsistewater system based that lixin on awumptwn!* that now may bo impossible tor tho town to moot
They include upfront tee collection. sale of the Avon Hall estate fiir $15 nullum in '2tX>9. almost immediate wastewater too rato increases and an average user tin' that is $12 por month higher than what hat* been made public. In ndkiition. tho wastewater project already is $1200.000 over budget.
These conditions aro so wumfUMiH' the Inn at little Washington h.is hmxi its own wastewator oxport to review pnyivt financing
A cash flow analysis pn'pared hv tho Virginia Kesounv Authority t VRV - tho originator of tho $4 million loan to the town of Washington - ami roviowvd hy the Roppuhanruvk Nows nx-etils wsvral koy aspivts of tho loan apphca turn that cunfirm citwens onxvms about tho viahilitv of tho financing nuclei
First among those is tho assutuptum by tho VKA that a majority of tho $7,500 individual fix’s fivr tho hookup will he ml looted in 2000 The draft sowor ordinance presented at the public hearing on lkx\ 10 proposes a Juno JO payment duo date
At that same hearing, however, town res idonts made clear that that assumption was no longer valid given the economic climate, pnd that even if the economic situation were different, some people would have trouble paving those fix's all at once
Sane establishments The Inn at l.ittie Washington Ixang the most prominent would have to swallow a huge fix' payment l at least $filX\000 if not more' at a tins' when business generally is down substantially
Mayor Kugene l ■•'ggett after a Hum of phone calls and nwx'tings hetween the Inn and town officials prompttxi bv article's in the Kappnhanntxk News said Monday. “We're trying to make it easy for the Inn to nsx't its oliligation “
Assuming the Inn would he paying liw, the mayor was asked how he intended to fill the gap when the VKA expects nxwt of the hook up fix's to lx> colfixted up front "*
“Kxactlv.” said l s'ggett. "how an' we going to handle it is the qiu'stion
“Were not going to he ahk’ to do what is »ni|xissible."‘ continiMxl the mayor
Sm WASTEWATER. Pag* A7
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