Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Caribou trustees approve interim financing application for Aroostook River crossing project
Summary
Trustees approved applying for Maine Municipal Bond Bank temporary financing of up to $2.192 million for the Aroostook River crossing project and heard staff say the project is nearly shovel-ready; staff also said a Northern Border Regional Commission grant application is pending and could reduce borrowing needs.
The Caribou Utilities District Board of Trustees voted to approve an application to the Maine Municipal Bond Bank’s state revolving loan fund to borrow up to $2,192,000 to finance the Aroostook River crossing project, with potential principal forgiveness of up to $767,200.
The vote followed staff remarks that design documents and permitting for the river crossing are complete and the project is nearly shovel-ready, with only minor…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
