Senate Approves Bill Allowing Hoosick Falls to Issue Bonds
The New York State Senate approved legislation yesterday that will allow the Village of Hoosick Falls to issue bonds for up to $1.5 million to help cover the costs related to cleaning up the town’s PFOA water contamination.
The bill, which passed 60-2, will allow the village to issue bonds through the end of this year for cleanup costs and fees related to negotiating a settlement agreement with the responsible companies.
Hoosick Falls is also authorized to levy annual property taxes in order to pay for the annual debt service on the bonds, which can also be paid through water or sewage charges.
The village will have ten years to pay back bonds.
“We just needed some initial breathing room right now and in the near future so we can get things situated and work towards working on something with the companies,” stated village Mayor Rob Allen.
Mayor Allen explains that if a settlement agreement is reached with the polluters, that money will be used to pay the debt service as well as other expenses.
Unpaid expenses for testing, improvement, legal work, engineering and public relations services are reaching $1 million. However, Mayor Allen says the village is not planning to bond for the entire $1.5 million approves.
Next, the Bill will head to the Assembly for approval.
Read the full article here.
Topics: Hoosick Falls Water Contamination
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Hoosick Falls Elects New Mayor, Providing Chance for Change
The village of Hoosick Falls elected a new mayor in an unopposed election on Tuesday, who will soon inherit the responsibility of the ongoing PFOA water contamination cleanup.
Mayor-elect Rob Allen is a music teacher at the Hoosick Falls Central School District and is known to have strongly opposed the proposed settlement agreement that was previously on the table.
“The village needs to be protected and I didn’t feel like that settlement was going to protect the village,” stated Allen. “I mean it basically said we could have been sued coming out of that settlement,” he said.
Before taking any action, Allen wants to talk to the residents of Hoosick Falls who have been affected by the contamination, as well as lawyers and trustee board members, to learn as much as possible.
“This has to be about making sure remediation is done the right and proper way, and hopefully getting us a new water source,” Allen said.
Rob Allen will officially take the place of outgoing mayor David Borge on April 3rd.