While we did not get the Fish & Wildlife "Sandy" grant the Town is seeking a $100 thousand Aquatic Resource Mitigation (ARM) grant with a deadline of August 18th and a $200 thousand EPA 319 Water Shed Assistance grant with a deadline of July 11th. Admittedly these are small compared to the aforementioned grant, Paul Vlasich stated the Town will pursue other grants that are or may come available. In the meantime, he said he would proceed with the project for which the Town has applied for and received a 10-year bond.
The bond, principal and interest, will be paid for on the basis of work completed. Thus, it is not paid back as equal monthly payments over ten years. Don Clement stated that the impact on our tax rate cannot be accurately computed as there are too many variables, with the Town valuation being just one. A comment on this blog does provide input on this subject.
A side issue is the contract with the Mill for providing them water. This still needs to be resolved according to Vlasich.
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