Cortland City Council to Consider $400k Loan For Marietta Waste Water Project
The Cortland City Council is expected to approve a $400 thousand dollar low interest loan tonight for the Marietta packaging company. The money will be used by the company to install a new waste water pretreatment facility.
Since 2007 Marietta has been forced to truck its waste water off site to a processing company that can treat it. The company spends close to a million dollars a year sending the waste out, Marietta has been looking for a solution to the problem which would allow the waste to sent to the Cortland waste water treatment plant.
Marietta has now submitted a request to the city to use $400 thousand in Community Development Block grant funds to offset the cost of the $650 thousand dollar waste treatment upgrade. In exchange for the funding, Marietta promises to add 12 full time jobs in one year. The jobs include three machine operators, six packers, and three warehouse workers.
Cortland County I-D-A Director Gary VanGorder has been actively trying to help negotiate a solution between the company and City leaders, he feels this is a fair solution that benefits the company and helps ensure one of the city’s largest employers stays in the community.
VanGorder says the money for this project is actually revenue generated by the repayment of existing community development loans; the city is limited in what it can use the money for.
In addition helping maintain over 500 jobs in Cortland, the project is expected to generate 40 thousand dollars in waste water income for the city, once the waste is pretreated, it will be sent to the city waste water plant. The additional waste water revenue will help hold down sewer rates for other users.
Another benefit of the project is that it will reduce the number of large trucks on the road, accepting the waste will eliminate the need to truck the waste out. The new pretreatment equipment will be installed at the company’s Central Ave. location.
The city will receive 20% of the first 100 thousand dollars that is repaid on the loan.