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Lancaster Select Board outlines three bonds totaling about $24.9 million for Town Meeting
Summary
Town Manager Jessica Cyr told the Select Board the town may present three bonds at Town Meeting to cover Summer Street reconstruction, a 500,000-gallon water storage tank and a large lead service-line replacement program; grants cover substantial portions but significant local matches remain.
Town Manager Jessica Cyr told the Lancaster Select Board on Jan. 6 that the town may present three bond questions at Town Meeting to fund major water and road projects.
Cyr said the largest is a proposed program to replace lead and GRR service lines, with a total estimated cost of $18,374,000 and a remaining local share of $5,328,460 after anticipated forgiveness through the State Revolving Fund loan program. She said a bond will be needed to cover that difference.
The board also discussed a Summer Street Reconstruction project estimated at $3,232,417 to connect improved sections of water, sewer, drainage, roadway and sidewalks. Cyr said the town has CDS funding of $3,000,000 and an NBRC award of $849,325.01 and will seek a bond to cover the required local match of $769,865.
A third proposal would build a 500,000-gallon municipal water storage tank to serve parts of North Road, including Week Medical Center, at an estimated cost of $3,314,699. Cyr said the town has an NBRC grant of $50,000 and an EBA award of $750,000 and will pursue a USDA Rural Development direct loan and grant for the remaining funds.
Cyr summarized the three items as potential ballot questions for Town Meeting and urged residents to note that, while outside grants cover large portions of the projects, the town must bond for the remaining local shares. "There will be potentially three bonds to be voted on at Town Meeting," Cyr said.
The Select Board did not vote on the bonds at the Jan. 6 meeting; Cyr indicated staff will pursue loan and grant applications and present formal articles and ballot language ahead of Town Meeting.
