June 21st Update: Town Meeting approved the funding request. Construction is expected to begin in August 2017.
The Board of Selectmen has scheduled a Special Town Meeting for June 20th so the Town can consider funding the water treatment plant project. Bids were opened on May 31st. Based on the bid results the construction funding request will be for $10.4 million. Funding will be sourced from multiple areas including $800,000 from Water Department retained earnings, $350,000 from existing Water Department warrant articles, and a $9.25 million borrowing authorization. This funding is independent of the tax rate and will be covered water rates and fees.