Final project costs now available

The moment we all have been patiently waiting for! The final project design was completed in August, and this allowed for project costs to come into focus. The selectboard also recently settled on a maximum bond amount of up to $400,000, which allowed the calculation of costs for users connected to the system, and taxpayers. Here are the costs, and the funds received from grants:

Estimated Total Project Cost: $3,867,000
 
Maximum Bonded Debt:  $400,000
Town’s Annual Bond Cost:  $17,860 (Starts in 2027)
 
Town's Estimated Annual Total Obligation After User Fees:
$64,000 in 2027 (Town Share of Bond Repayment + O&M)
 
Estimated Monthly Fee per Typical User in System Area:
Single family - $89.74/month or $1,077/year in 2027 (Bond + O&M)
One bedroom apartment - $38.46/month or $462/year (Bond + O&M)
 
Estimated Taxpayer impact:
$24 per year per $100,000 property value in 2027 = $2/month
$72 per year per $300,000 property value in 2027 = $6/month
 
Awarded Grant/Subsidy Funding:
VT Clean Water State Revolving Fund: $269,525
Northern Borders Regional Commission/Economic Development Administration: $466,194
State American Rescue Plan Act Funding: $2,377,136
​Local American Rescue Plan Act Funding: $150,000
Community Recovery & Revitalization Program: $757,472
Total - $4,020,327