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Bedford council votes to reject $11.176M Clean Water State Revolving Fund loan for Sevens Pond sewer extension
Summary
Town staff recommended, and the council approved, rejecting a state CWSRF loan award for sewer extension to the Sevens Pond neighborhood, citing high repayment costs and uncertain return on investment for ~51 properties.
Town staff presented an $11,176,000 Clean Water State Revolving Fund (CWSRF) loan award to extend sewer lines to the Sevens Pond neighborhood and recommended that the council not accept the funds at this time because the town would be responsible for loan repayment and the overall project cost (nearly $14 million) would be hard to justify for roughly 51 properties.
DPW…
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