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Council approves $884,460 BAN for WWTF engineering to cover upgrade costs
Summary
The Vergennes City Council approved a Bond Anticipation Note of $884,460.13 from the National Bank of Middlebury, valid through June 30, 2026, to cover engineering expenses tied to the Wastewater Treatment Facility upgrade; the motion passed 6‑0.
The Vergennes City Council voted on Jan. 13 to approve a Bond Anticipation Note (BAN) from the National Bank of Middlebury in the amount of $884,460.13, valid through June 30, 2026. The purpose of the BAN, as recorded in the minutes, is to cover engineering expenses associated with the city's Wastewater Treatment Facility (WWTF) upgrade.
Deputy Mayor Austin moved the BAN approval; Alderman Murray‑Killon seconded the motion and the council approved it 6‑0. The minutes identify the BAN amount and its stated use (engineering expenses) and set the note’s validity through June 30, 2026; the minutes do not record further financing details beyond the vote.
