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News Release    

June 9, 2004      

Steinhaus Paves Way for Authority Water and Sewer System Purchase

Dutchess County Executive William R. Steinhaus has forwarded two resolutions to the Dutchess County Legislature that will move the acquisition of the Dalton Farms Water and Sewer Systems in the Town of Beekman toward completion.

In making the announcement County Executive Steinhaus said, “The infrastructure already in place at Dalton Farms is of great importance to the Beekman area. The users are looking for a continuation of reliable water and sewer service while maintaining tight control on costs. Both the County and the Authority have been working hard to make this possible.”

Resolutions before the Dutchess County Legislature are to approve the acquisition project; establish a new Zone of Assessment within the County Water District; establish a new Part-County Sewer District; and authorize the execution of Service Agreements between the County and the Authority for the water and sewer systems.

The Dalton Farms Water and Sewer Systems serve 531 properties within the Dalton Farms subdivision in the Town of Beekman. The Water System also provides water, under a purchase agreement with the Town of Beekman, to twenty-four properties within the Town’s Poughquag Hamlet Water Improvement Area. The Beekman Town Board previously resolved to transfer the Hamlet water distribution system to the Authority at the time the Authority takes over the Dalton Farms System. The Town’s Hamlet water customers will then become direct customers of the Authority. Farms Water and Farms Sewer have executed agreements to provide water and sewer service to the proposed residential developments at Plum Court and Victoria Estates, for a combined total of approximately sixty-five new residential customers once those projects are built out.

The Authority reached agreement late last year with USX, the parent company of Farms Water and Farms Sewer, to purchase the water and sewer systems at Dalton Farms for a total of $3.85 million for both facilities.

The Water Authority will issue bonds later this year to fund the $3.85 million acquisition price. Under the Service Agreement with the County, the Authority will provide water and sewer service to the properties within the County Water District Zone of Assessment and Part-County Sewer District. The County, in turn, agrees to levy yearly assessments within the Zone of Assessment and District in an amount sufficient to fund the annual debt service costs. This mechanism allows the Authority to benefit from the County’s strong credit rating, resulting in a lower interest rate for Authority bonds. These savings are passed on the systems’ customers.

The Authority currently owns six other water systems and two other sewer systems. In total, the Authority provides services to about 2700 customers in the Towns of Beekman, Dover, Pleasant Valley, Hyde Park, Rhinebeck and Red Hook.


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Last Updated: 6/10/2004