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Consultant outlines three financing scenarios and a 2026–27 timeline for Barre water tower
Summary
The project's consultant described three funding scenarios—no grant (borrowing), a grant with 6% interest, and a grant at 0%—and estimated design and permitting through 2026 with construction ready to begin spring 2027 if funding is secured.
Jason, the presenter for the project team, told the board the town faces three financing scenarios: typical borrowing with no grant, a grant combined with a 6% interest rate, or a grant with a 0% interest rate. He said the town will not know which scenario applies until the funding agency (EFC) responds.
On schedule, Jason estimated that once an engineer is engaged the design and permitting work would occupy most of 2026 and that construction could begin in spring 2027. "I think most of 2026 and then maybe a bit at late 20 26 in the winter," he said, indicating the town would be "really ready to go hit the ground running with construction in the spring of 27" if funding and permitting fall into place.
Jason noted the town has options to package work across contracts and that detailed budgeting depends on final grant terms and bid results. The board noted intermunicipal service implications and that the extent of service expansion "would increase depending on the grants," underscoring that funding outcomes will shape both schedule and scope.
