Sale Of Bonds Ok'd To Pay For Sewers

November 18, 1990

Aberdeen commissioners have approved the sale of $760,000 in bonds to pay for the extension of sewer services to a 500-acre industrial area in the south section of the town.

The bonds will be issued through the Farmers Home Administration, and will pay 7 percent. They will be paid back over 40 years by assessments placed on property owners in the new service area, Town Administrator Peter A. Dacey said.

The assessment agreement was established with the property owners so town residents will not have to pay for the sewer extension project, Dacey said.

The sewer extension to the largely undeveloped area was completed in the summer for $791,463, Dacey said.

Dacey said town officials expect the new sewer services to spur development in the area, which was annexed by the town in 1981.

Several large industrial facilities, including the new Pier 1 Imports regional distribution center, already have located in the area.

The new service area includes land on both sides of Route 40, from the Cranberry Run Business Park to near the Hillsdale section of Aberdeen, Dacey said.

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