Developer will pay for water service
A meeting of the minds finally took place. Developer Tom Mongold and members of the Greencastle Area Franklin County Water Authority broke an impasse on funding for the water main extension to Heritage Estates West Monday night. Through an attorney, Divinity Investments had offered last month to pay $10,000 up front for the water line and fire protection, and pay the rest as lots were sold. On Aug. 17 GAFCWA solicitor Jan Sulcove said the latest offer was $150,000. The developer share for US 11 improvements was $323,000, although Divinity will be responsible for $841,000 overall. That sum includes a portion of the project costs just completed on Route 16. The balance can be paid as residential expansion occurs.
"We don't have the money to carry you," chairman Robert Miller told Mongold.
After some discussion about the housing market and water supply, Mongold told the board, "I think we can pay the full amount. We appreciate that you've worked with us."
"OK!" Sulcove responded. "We'll dust off that water main agreement."
It had been in negotiations for over a year, and a letter of intent was signed in 2005.
The board then met in executive session to discuss real estate, specifically the acquisition of the Antrim Township Municipal Authority water system.