POUND — Town Council authorized its town manager to consult with one of its lending authorities about borrowing funds to replace the water plant roof from a pot of money the agency requires the town to set aside.
Interim Town Manager George Dean told council at its May 21 meeting that Virginia Resources Authority provides for such borrowing upon approval.
Dean reminded council it had been more than a year that they had been getting by with a plastic cover over the roof. "We need a roof to do the job the plastic is doing," he said.
He also reminded them the roof is original to the plant, built in the 1970s. One contractor who provided an estimate for replacement said the roof was gone, Dean said, but added, "You more than got your money's worth."
The last quotes to replace it were about $15,000 to $16,000, he said.
Dean noted that he's been trying for some time to replace the roof. He advised the only way the proposed water budget landed in the positive is because he took out money he'd put in to fix the roof.
These kinds of emergency repairs are exactly what the water and sewer debt reserve is designed for, Dean also said. You have to get VRA approval to use the money and you have three years to put the money back in, he said. "It's that simple."
Council unanimously approved Dean seeking the okay from VRA.
"I think borrowing money from town funds is smarter than borrowing from the bank," Councilman Clifton Cauthorne observed.
Clerk Treasurer Jeremy Mullins assured that repaying the money wouldn't be an issue financially.