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Mayor: bridge grant estimate balloons to $7.9 million; state withholding funds until audit complete
Summary
Mayor told trustees a state entity helping with a bridge grant now estimates the project could cost about $7.9 million; the town's audit is still pending and the state is withholding funds until completion.
The mayor told trustees that a state agency assisting with a grant application for the town's main bridge now estimates the project's cost has "ballooned to $7,900,000," and that the town may need a grant, local match and a loan to pay contractors over time. Trustees were told the grant-writing partner will present potential funding options and the board may need a special meeting to review next steps.
The mayor also reported the town audit is not yet complete and said "the state is now withholding our funds, so we need to get it completed." Trustees discussed meeting availability if the audit wraps up quickly and said staff would notify them if a special meeting is needed to act on grant or audit matters.
