CORNWALL – City council will hold a special meeting this afternoon (Monday) where it will decide on going to the bank to put sewer service through Brookdale North.
The area known as Brookdale North is the section of Brookdale Avenue from Tollgate Road to Cornwall Centre Road – a main artery into the City of Cornwall.
The project would cost $7 million and, since the city doesn’t have the money in its reserve funds, it would have to bankroll the project, according to a report to council.
There is no money available for the project from senior governments, Economic Development Division Manager Bob Peters writes.
The financial implications section of the report doesn’t exactly explain how much would be borne on the city’s water and sewer budget.
The landowners would also be responsible for their share of interest and financing charges, the report states.
The city anticipates it would get half the cost back when the project is completed and would have to get a $3.5 million mid-term loan to cover the balance.
Right now, a number of the properties have partial systems with municipal water but individual septic systems.
This type of arrangement is not new, as the city did a similar deal with landowners in 2003 when improving services along Marleau Avenue from the Esso gas station to Hamilton Crescent.
As for Brookdale North, with one car dealership (Cornwall Mazda) in the area and another in the works (Cornwall Nissan), the city’s Official Plan development blueprint anticipates more commercial development at “an accelerated rate” if the servicing goes ahead.
The special council meeting starts at 5 p.m. at city hall.