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Edenville gets first look at grant pa...

# Edenville gets first look at grant package

There are 2 comments on the Midland Daily News story from Jan 4, 2008, titled Edenville gets first look at grant package. In it, Midland Daily News reports that:

Edenville board members and the public alike got its first glimpse of the details of the Edenville Township's USDA Rural Development Loan application for its water distribution system during its regularly ... via Midland Daily News

Join the discussion below, or Read more at Midland Daily News.

van
#1 Jul 16, 2008
I was reading about Edenville gets first look at grant package. From Jan.4th. 2008. Two guestions, Was this meeting advertised as pretaining to a water grant and what become of the grant? Did the board apply, were we turned down. where does it stand today.
van
#2 Jul 16, 2008
To the person who thinks I don't know math. I didn't say I had figured in the interest so that is where the math confussion is. Everthing I wrote in the M.D.N. is from facts. As you all know, you cannot borrow money for 40 years without paying interest. Here are the numbers taken from a printout from the township, which has the cost for every year for 40 years. So for the year 2010. Total due is \$723.78. The interest on this figure is \$486.28, 2011 the totla due is\$711.31, interest on this amount is \$473.81, 2012 the total due is \$698.46. Interest on this amount is \$461.74. Now here is the math for the three years above. So take \$700.00 (this was in my article in the M.D. N.) times my three parcels is three x \$700.00=\$2100.00. Then divide by 52 weeks a year =#40.38 per week, agree? Plus do you know what the hook up fee will be? What is the water you use each month? Is the land for the or towers included in the estimated \$9500.00? And don't forget their will be a seperate bill on AA Edenville taxpayers for \$55,ooo.oo for 40 years. This equalls \$2.2 million that the new temporary board has already enacted and there is nothing we can do about it, now. Remembers township boards answers to no one. Three out of five board members have total control of a township, and have you checked the their salaries lately, which they set themselves? If you want a copy of the table, from which I got the above figures, I will get you a copy. I'm in the phone book.
James Vanderbush

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