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Malden council approves $17 million borrowing to accelerate lead service line replacement
Summary
The council approved a $17 million appropriation to speed removal of nearly 2,700 remaining lead service lines using a Massachusetts Water Resources Authority loan program with favorable terms.
The Malden City Council on May 1 approved an order to borrow $17,000,000 to pay costs of designing and replacing lead water service lines across the city, with the treasurer authorized to issue bonds or notes and to use the Massachusetts Water Resources Authority (MWRA) lead service line replacement program if available.
Councilor Lauren McDonald, who presented the measure in finance committee, said the $17 million estimate is intended to remove “the almost 2,700…
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