Waldwick February 18, 2009 THE VILLADOM TIMES III • Page 9 The Waldwick Community Alliance is hard at work negotiating the terms of the insurance for the train station. This grassroots organization, whose members aim to renovate the station, must review the final insurance quotes and select a policy. Waldwick Community Alliance Vice President Doug Cowie recently said he believes the insurance is one of the key elements of the project because the premiums will remain a constant for the duration of the 25-year lease. Cowie said he has negotiated the insurance requirements from $16,000,000 to $11,000,000 and then to $2,000,000. “I got New Jersey Transit to realize that the insurance requirements they were forcing upon us were extremely high and overly redundant,” Cowie explained. “They were trying to make us insure a building that is already have insured under their blanket building policy. They were also trying to make us insure workers who already have the necessary coverage to work on the building. The bottom line is that we will go from a yearly insurance premium of over Alliance negotiating insurance for train station $20,000 to a likely premium of approximately $1,800. “It was imperative that they (NJ Transit) understood that they took away the ability for us to have a commercial income generating use for the building, leaving the WCA no way to raise funds other than fundraising year after year. I made them realize that there was no way we could possibly raise enough yearly funds to renovate, maintain, pay utilities, and pay $20,000 insurance premiums.” Once the insurance is in place, Cowie anticipates that the group’s historic preservationist will begin his scope of work/order of magnitude study, which is expected to last approximately 10 to 12 weeks. The initial estimate for this study is $16,800 and will be covered by WCA funds, Cowie said. The report must then be approved by the state, county, and NJ Transit before any physical work can begin. “The Waldwick Community Alliance is finding itself in the great position of have unbelievable community support in terms of its citizens as well as local businesses,” Cowie added. “Our fundraising events have been just about as successful as they possibly can (be), with each one raising more money than the one before. We have just received $15,000 in donations from two individuals. We also have two local banks offering to lend very substantial funds to float the project while we wait for grant money to trickle in. This is an incredible gesture because going through the grant process is very drawn out. The grants are awarded several (continued on page 22) A vintage view of the station. A view inside the train station. HARDING WINE&SPIRIT Almost everyone who comes into our store has two questions: lowest price allowed in NJ on the 1.5 liter bottle of Barefoot wines. No more running from store to store with silly discount cards or coupons! Liberty “Where’s thethe price Creek?” and on “Oh, what’s in the large size? Barefoot wines, ” We are proud to announce that we have the Keeping Families Warm Since 1929. HUGE WINE SELECTION Beer • Super Premium Spirits Party Planning • Gift Baskets Free Parking • Ice • Soda WE DELIVER Barefoot Wines $ 305 E. Ridgewood Ave Ridgewood, NJ DEBIT CARDS ACCEPTED 201-445-7122 Available in Pinot Grigio, Merlot, Cabernet Sauvignon, Chardonnay, Sauvignon Blanc, White Zinfandel & Moscato. No rain checks issued. Not responsible for typographical errors. 9 .19 1.5 liter Serving All Your Home Heating Needs Prompt, Reliable Service You Can Depend On, Plus The Personal Attention You Deserve. • Oil Heat Systems Serviced & Installed • Automatic Fuel Oil Deliveries • Tank Insurance Available Cash ts Discougn il n O On Heati s Deliverie 24 Hour 201-891-1000 Emergency Service �����������������������