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Town weighs Somerset sewer extension and balance of SRF funding risk
Summary
Select Board and engineers detailed the Somerset needs‑area sewer extension ($43.3M) and SRF deadlines: the town must act by May/June 2026 to preserve Clean Water Trust funding options and to qualify for possible 0% financing; staff discussed cost recovery options (sewer capacity fee, betterments) and potential phasing constraints.
Consultants and town staff returned to the board on Dec. 17 to clarify the Somerset sewer extension schedule, financing options and build‑out considerations. Engineers explained the State Revolving Fund (SRF) process: the draft Intended Use Plan (IUP) is expected early 2026; if the town does not make the required local appropriation by the May town meeting/June 30 deadline, SRF funding will likely be offered to the next project on the IUP and Nantucket would need to reapply in July 2026 for a 2027 slot.
Staff reviewed the project budget ($43.3M total; roughly $36.8M…
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