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Select Board approves MWRA no-interest loan for Pleasant Street water improvements
Summary
The Select Board approved a MWRA no-interest loan/sale on May 18 to fund final-phase water system work on Pleasant Street; staff described a June mobilization and a 10-installment repayment schedule beginning May 15, 2027. The transcript shows inconsistent numeric formatting for the loan amount.
The Arlington Select Board on May 18 approved a sale/loan from the Massachusetts Water Resources Authority (MWRA) to fund final-phase water system improvements on Pleasant Street.
Town staff described the financing as an annual no-interest loan from MWRA intended to support work that will continue from Irving Street down Pleasant Street, mobilizing around June 1 with overnight work planned at the intersection of Mass. Pleasant and Mystic Street. The presentation to the board said funds are expected to be distributed on June 4.
The transcript records repayment terms as "10 equal installments of 130,700 each with the first installment scheduled for May 15 of 2027." The loan amount in the transcript is written as "$1,37,000," an inconsistent transcription that does not match the installment math in the record; meeting minutes and the official loan documents should be consulted for the precise principal figure.
Select Board member Diane Mahan moved favorable action to approve the sale/loan; the motion was seconded and carried on a voice vote. Board members discussed scheduling and phasing with National Grid gas-main work and confirmed the town's intention to complete the municipal portion of work in November if conditions permit.
Ending: The board approved the loan/sale to proceed and directed staff to coordinate construction staging and communication with residents ahead of mobilization.
