continued “They almost cancel each other out,” said Cohen. The bond can also be excluded from the town’s debt limit.
No resident spoke at a public hearing on the proposal. The bond was unanimously approved without discussion, excepting Councilwoman Joann Dawson, who was absent.
Penman said because of the bonding the project will no longer be split into different phases, but instead be done at one time. Preparations are expected to begin in the fall, with construction beginning next January. The project will then take a year to complete.
“I think this is really important infrastructure that needs to be replaced, and the town will see a significant savings by doing it at this time,” he said.
The paper version of this story read that the sewer tax increase for a property valued at $100,000 would be $370. It has been corrected online to read $3.70. We regret the error.