Committee recommends $1.29M borrowing for water‑meter replacement, asks for rate‑impact estimate
The committee recommended Article 9, a borrowing of $1,286,633 to fund a multi‑year water‑meter replacement program, and requested DPW and the treasurer provide amortization and rate‑payer impact estimates ahead of Town Meeting.
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Town staff and finance committee members reviewed Article 9, the water‑meter replacement borrowing request, and the committee recommended the motion as written. Bond counsel provided motion language for the borrowing and staff explained the debt service will be paid from the water and sewer enterprise funds. The motion on the table described the borrowing amount as $1,286,633.
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