Holley has $130K-plus towards new waterline on Thomas Street
HOLLEY – The village will use more than $130,000 from a revolving-loan fund that is being closed out. The money for Holley will go towards a new waterline on Thomas Street, said Mayor Brian Sorochty.
Holley is eligible for the money because it is a previous recipient of the Community Development Block Grant. The CDBG was repaid by a local business with those funds going to a revolving-loan fund managed by the Orleans Economic Development Agency.
The state is requiring those revolving-loan funds to be closed down. The communities can direct the remaining funds to projects if they are targeted to increase handicapped accessibility of a public place or if the project serves a low-income area.
The new waterline on Thomas Street, between Route 31 and South Main Street, met the threshold for serving a low-income area, Sorochty said today.
The Village Board last week had a public hearing on using the funds for the project. Holley can use $105,000 from the village share of the revolving-loan fund. The Orleans County Legislature also directed $28,990 from a portion of its share of the revolving-loan fund to the Holley waterline.
Mayor Sorochty said engineering will now get started on the waterline, which serves six homes, the police department, the fire hall, two commercial businesses and the Holley Hotel, an apartment building with 40 units.
Construction could happen later this year on the project. Once the new waterline is done, the mayor said the street will likely be repaved. He would also like to see new sidewalks for that section of Thomas Street.
“We’re looking for more money (for the sidewalks),” he said.