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Voters approve steps to buy West Swanzey water system and accept state loan financing
Summary
Swansea voters moved forward on a plan to acquire the West Swanzey Water Company, approving Article 5 (funding) and Article 12 (authority to begin the purchase process under RSA 38:4). The articles include a $6.4 million low-interest loan with 40% principal forgiveness and a $600,000 purchase price presented to the town.
Voters approved Articles 5 and 12, clearing the way for the town to pursue purchase and improvement of the West Swanzey Water Company.
Article 5 describes a $6.4 million low-interest loan program with 40% principal forgiveness to purchase and upgrade the privately owned system. The proposal said the system needs a pump house and storage tank to improve fire flow and overall…
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