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Council places $100,000 Sevens Pond watershed plan on ballot; state loan likely to be forgiven
Summary
Council moved an article authorizing up to $100,000 in bonds or notes to complete a watershed plan for Sevens Pond. Town staff said the state’s Clean Water State Revolving Fund would likely provide the funds and that the loan could be 100% forgiven, producing no tax impact; the council moved the article 7–0 and recommended it 7–0.
The Bedford Town Council voted unanimously to move an article authorizing up to $100,000 for a Sevens Pond watershed management plan to the deliberative session and recorded a 7–0 recommendation in favor. Town staff told the council the funding would be sought through the New Hampshire Clean Water State Revolving Fund; under the state program the loan funds for this project are expected to be forgiven (staff described the award as effectively a 100% forgiveness scenario), and the town stated there would be no tax impact for the study.
The warrant language before the council asks voters to authorize issuance of not more than $100,000 in bonds or notes and for the council to accept any state or federal aid available. Staff said repayment of interest costs, if any, would be minimal and could be covered by existing budgets.
Action: The council voted 7–0 to move the article to the deliberative session and registered a 7–0 recommendation for voters to approve the authorization. The council opened and closed the public hearing on Article 5 without public comment.
Next steps: If voters approve the article and the state grants the forgiveness, the town will proceed with completing a watershed plan for Sevens Pond funded by the state Clean Water SRF award.
