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2023-04-24-CEC-ATM-rpt-update2
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2023-04-24-CEC-ATM-rpt-update2
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4/25/2023 2:36:42 PM
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4/25/2023 2:37:20 PM
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2023
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Town Clerk
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Capital Expenditures Committee updated #2 to report to the 2023 Annual Town Meeting March 20, 2023
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UPDATE 92 TO CAPITAL EXPENDITURES COMMITTEE REPORT TO 2023 ATM <br /> U dated <br /> Article 13: Appropriate for Funding <br /> Funds Requested Committee Recommends <br /> Water System Source <br /> Improvements—Lead <br /> and Copper Program $4,209,580 Water Fund Debt Approval 6-0 <br /> "The Department of Environmental Protection (DEP) revised the lead and copper rule requiring <br /> communities to inventory and replace lead service water lines.This funding request is to provide consulting <br /> services to develop the inventory,bid specifications,and hire a contractor to perform the replacement work. <br /> Staff will be pursuing an interest-free loan from MWRA to partly fund this project." <br /> (Brown Book,Page XI-8, 41 &Page XI-23, 435) <br /> This appropriation has been updated to completely utilize an interest-free Massachusetts Water Resources <br /> Authority (MWRA) loan, with a 10 year term, and the now single funding source to pay back. <br /> More information about this project is in the section titled Public Works, Water Distribution System, on <br /> Page 21. <br />
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