Council discusses wastewater bond ballot language, financing and construction update
Bond counsel and consultants briefed the Vergennes City Council on draft November ballot language for a wastewater treatment and collection upgrade, noting limits from a 2022 authorization, several estimated loan/grant figures, and design progress on pump station and force-main.
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Bond counsel Keith Roberts and Wright-Pierce consultant Jennie Auster updated the council on draft ballot language and financing for a wastewater treatment facility and collection system upgrade. Roberts warned that the 2022 authorization contains grant-reduction language that limits the city's borrowing approach and may require supplemental voter authorization. Auster said the treatment facility figure is based on PC Construction's current bid and "does not include a rebid contingency," and several loan and grant figures remain estimates until loans close or contracts are executed.
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