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Council reviews Phase 2 water improvements including 500,000-gallon tank and funding strategy
Summary
Staff described Phase 2 of water-system improvements—centered on a proposed 500,000-gallon tank for the Eastfield area—and outlined a three-stage funding approach involving grants, loans, and principal forgiveness; council placed the item on consent for combined approval.
Town staff briefed the council on Phase 2 of water-system improvements, which includes construction of a 500,000-gallon water tank for the Eastfield area and associated work to advance system capacity. The manager said the project had been in planning for some time and that bids are part of the next steps to put the design in place.
Phil McDani summarized financing options and encouraged pursuing a mix of grant funding, loan terms, and principal-forgiveness programs. He noted the project could be in the range of several million dollars and that the town already has approval to apply for CDBG funds (with a cited maximum of $3,000,000). Council agreed to move the resolution of tentative award to the consent agenda while staff continues refinement of funding strategy and scope.
