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Selectboard moves ahead with plan to ask voters for Road Rehab Bond to tackle prioritized roads
Summary
The Selectboard discussed a proposed Road Rehab Bond to pay for prioritized road rehabilitation (Flint Rd, Tower Rd, George Rd, Martin Rd, Chelsea Rd, Baptist St, South Hill) and agreed to place a bond article on the Town Meeting Day ballot; financing would likely use Vermont Bond Bank at about 2.9% over 10 years.
Williamstown officials discussed a proposed Road Rehab Bond intended to accelerate repairs to a prioritized list of roads, with a goal of keeping project costs near $1 million through efficient scheduling and use of outside contractors. Chair Larry Hebert outlined the proposed first-phase roads—Flint Road, Tower Road, George Road, Martin Road, Chelsea Road, Baptist Street and South Hill—with Ferno Road and Cold Spring to be considered if time and funds allow.
Hebert said the work "would take about two (2) months with the road crew working on this project and nothing else with the assistance of hiring a couple of outside trucks and pieces of equipment." The board discussed financing through the Vermont Bond Bank at an estimated 2.9% for 10 years, with projected interest of roughly $140,215. The Selectboard decided to prepare a ballot article for Town Meeting Day and to draft an informational letter to taxpayers explaining the estimated tax impact and timeline.
