HONESDALE—Left with a balance of over $88,000 from Community Development Block Grant (CBDG) projects approved in 2014, 2015 and 2016, Honesdale Borough Council is left with some decisions to make at their upcoming meeting regarding fund usage.
Presenting before council's last meeting, Monday, March 11, Robbin Morgan, executive director of the Wayne County Redevelopment Authority, advised Council of their options and the limited time they had to make decisions.
Morgan explained, in total, the borough is left with a balance of $88,714.63 derived from five previously approved projects:
• Commercial Street, a 2014 CDBG project with a $23,269.08 balance which must be used by August 4, 2020;
• Old Willow Avenue, a 2015 project with a $16,015.55 balance which must be used by April 5, 2021;
• Corey Street, a 2016 project with a $14,880 balance which must be used by July 12, 2022;
• Wood Street, a 2016 project with a $12,800 balance which must be used by July 12, 2022; and
• Rectangular Rapid-Flash Beacon (RRFB), a 2016 project with a $21,750 balance which must be used by July 12, 2022.
In a separate interview, Borough Secretary Judith Poltanis explained, because CDBG projects are bid and applied for years in advance, actual costs at time of project execution can often fluctuate.
This may result in a project balance which can be revised for other approved projects of the same category.
CDBG functions by draw-down allocation, so funds not withdrawn before project end dates remain with the state.
The borough intends to roll the $88,000 balance of all five above-mentioned projects into its 2017 CDBG project, installation of a new pedestrian bridge on Fifth Street.
As stated at the March meeting by Honesdale Borough Director of the Department of Public Works (DPW) Rich Doney, the desired bridge will have a grated flood, fences on each side and canopy.
“It should be, hopefully no maintenance on the DPW crew,” said Doney at the meeting.
The estimated cost for the bridge project is $431,665.
Morgan advised the borough would need to submit a revision for each project year allowing the remaining funds to be redistributed into the bridge project.
“You don't have to make a decision today, but I would suggest that you make a decision fairly quickly,” Morgan stated, noting the revision process can take up to six months with an additional two months thereafter to draw the money down.
Council did not act on the recommendations at the March meeting, choosing to spend the month drafting the appropriate resolutions.
Council is expected to discuss the matter further at Monday's meeting, April 8, at 6 p.m.
Regarding the Fifth Street bridge project, Morgan noted it is currently under environmental review expected to finish on April 19.
At the March meeting, Poltanis estimated the project should commence in eight months.