Big announcement on the Rombout Sewer District. A few years ago, a new sewer plant was built for $13 million. This plant covers the Route 9D corridor. The town under the Pagones Administration. Received a 1% short term loan from NYS. However, Pagones failed to comply with the contract and the loan is now being called. This means that since the town is just above junk bond status. The new loan will be at a 8% interest rate.
A few years ago. The Pagones administration hired a Syracuse law firm to apply for such loan. The town paid the firm over $600,000. At the time, Pagones bragged that this deal was going to save the district millions.
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