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Caribou Utilities Trustees approve standby line of credit as generator and FEMA questions linger
Summary
The board voted to establish a standby line of credit to enable rapid financing if the district must replace a failing wastewater generator; members discussed FEMA guidance that left eight quasi‑municipal utilities in limbo and estimated replacement costs around $180,000–$200,000.
At the November meeting the Board of Trustees agreed to set up a standby line of credit to reduce delay if the district must purchase a replacement wastewater generator while FEMA grant timelines remain uncertain.
John (Speaker 1) told the board the district is one of eight quasi‑municipal utilities in the state that the state pushed back to FEMA on a hazard-mitigation funding decision. "We're the guinea pig for the first 1 of the 8 to push the issue, to get the application back to FEMA," John said, noting the…
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