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Council considers bonds, installment financing and grants to cover a $100M CIP list
Summary
Staff told the council the capital needs list totals roughly $100,000,000; available near-term funds include about $9.6 million unassigned and a capital reserve restricted to community center and public works facility; staff will model bonds, installment financing, grants and state appropriations for council consideration.
Town staff presented the capital improvement project (CIP) inventory and funding picture and asked council whether to model bonds, installment financing, grants or state appropriations to help pay for high-cost projects.
The moderator said the town's CIP inventory shows roughly $100,000,000 of identified needs and reported approximately $9,600,000 in unassigned fund balance. A capital reserve fund (earmarked for the…
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