What the news story as reported on WMPM's web site does not tell you is that the services that Selma will be paying for are not just for Sysco. Also, that the $1.25 million for water and sewer have already been paid for by grant money to the town. We will save about $100K a year in not renting an electrical substation from Progress Energy when Selma builds its own. As much as I am not one for municipalities owning utilities, that is just smart business. You service a major customer, expand your system for future growth, and stop paying rent on something that expensive that you can own, all in one deal.
Town Of Selma Spending Over $4.8M To Provide Services To Sysco The Town of Selma will build a new $3.6 million electrical substation and spend another $1.25 million to extend water and sewer service to the Sysco plant being built. Selma leaders say the projects will also help attract future growth in the area.
"The Selma News" had a more in depth article on the issue, if you are interested.
Selma Council moves on work for Sysco
By Kelly Lake, News Editor
Oct 13, 2005 12:03
Much of Tuesday night’s Selma Town Council meeting was spent in making sure that the town’s responsibilities for water, sewer and electricity for Sysco was on target.
Sysco is the national food distribution company that is building a plant in Selma.
Town Manager Jeff White told Council members the town needs to make sure that it does not hold up any of the work being done at the new plant.
Council approved ordinances Tuesday night for a $3.685 million new electric substation to serve the facility and a $1.25 million project ordinance for water and sewer for the property.
White noted that the town will finance about $3.35 million on the electric work but that the town has received....
Read Town Council decisions in the Selma News - your local source for your local news.