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Mayor says bridge repair estimate has "ballooned" to $7.9 million; grant work underway
Summary
The mayor reported a state entity is assisting with a grant for the town's main bridge and that estimated repair costs have increased to about $7,900,000; the town will need grant funds, a local match and likely a loan to cover contractor payments.
The mayor told trustees that a state entity assisting with a bridge grant produced a revised estimate of approximately $7,900,000 for the main bridge project, and the town will pursue grant funding and local match while likely needing a loan to manage contractor payments.
The mayor framed the item as preliminary: "The anticipated cost or the estimated cost has now ballooned to $7,900,000," and said the town is working with a state partner that inspected the bridge and may present potential funding opportunities. The mayor emphasized the need for additional procedures, including grant applications, local matching funds and possible borrowing to cover contractor payment timing.
The board discussed scheduling a possible meeting on Jan. 21 if the grant work and inspections require further trustee input; staff and trustees said they will notify each other as details solidify.
