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Commission recommends select board add $76,500 to CWSRF loan for 20‑year wastewater study

Richmond Water & Sewer Commission · July 1, 2024
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Summary

The commission voted to recommend that the select board amend a Clean Water State Revolving Fund loan by adding $76,500 to fund outreach, ordinance review and funding assistance related to a 20‑year wastewater upgrade study.

The Richmond Water & Sewer Commission voted July 1 to recommend that the select board amend the town’s Clean Water State Revolving Fund (CWSRF) loan to add $76,500 to support the next phase of a 20‑year wastewater treatment study.

Staff explained that an initial $154,000 borrowed under the CWSRF program for the study carried a 50% subsidy (effectively $77,000 payable). The $76,500 addition would cover funding‑assistance work, public outreach and sewer‑use ordinance review and recommendations tied to preparing for a bond vote on upgrades. Staff noted some work (a $4,800 grant‑writing assistance contract) is not eligible for CWSRF financing because federal funds cannot be used to pursue additional federal grants.

Commissioners discussed loan subsidy caps and repayment expectations; staff said CWSRF terms include first‑payment deferral for up to five years and a maximum subsidy cap, so not all added costs will be subsidized. The commission moved to recommend the amendment to the select board and approved the recommendation by voice vote. The select board must approve the formal loan amendment and any resulting bond action.

The commission directed staff to forward paperwork to the select board so the town can continue engineering, ordinance review and outreach ahead of any bond question.