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IDA to share costs of drilling at park

August 17, 2012
The Leader Herald

FONDA?- The Montgomery County Industrial Development Agency passed a resolution Thursday to share the costs of a drilling project with Hanson Drilling in hopes of finding sources of underground water at the Glen Canal View Business Park.

According to IDA?Chief Executive Officer Kenneth Rose, Hanson Drilling will test the site to find aquifers - underground layers of water-bearing, permeable bedrock. If any are found, they could provide the site with groundwater that it currently lacks. The cost-sharing agreement allows the IDA to spend up to $20,000 on this project, with Hanson Drilling sharing that cost.

Rose said the water is badly needed for the park.

"If there's good water up there, we can market that to different types of industries," Rose said.

"Water is supplied by the town, but it is limited," Gene Richards, IDA board member said.

Rose stated Hanson Drilling will begin its test-drilling Monday, with the results coming within the week.

The park now has three businesses in it:?Daim Logistics, American Ornamental and L&S Veneer.

 
 

 

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