The city continues to earnestly pursue a few possible types of financing when it comes to money percentage of the municipal wastewater task.
Grants & Loans
State and Tribal Assistance Give (STAG). The city effectively sent applications for three earmarks totaling $3 million using this program that is federal the Vermont ANR and our Congressional delegation. After administrative expenses are subtracted, around $2.95 million can be acquired to be reproduced toward 55% of either the water or wastewater tasks. This money can be used to reimburse the Town for up to 55% of the planning, design, and engineering costs incurred if the bond is voted down and the project has obtained all its permits.
Vermont Dry Weather Flow (DWF) Give. Honors of 35% of qualified task expenses might be designed to municipalities for the construction and planning of facilities for abatement of dry-weather air pollution. This grant ordinarily calls for the recognition of resources of air air pollution towards the area waters for the State. Although no particular air pollution sources have already been identified, town of Waitsfield received a legislative action determining the city’s present situation being an “emergent condition” and entitled to this money supply. Grants are awarded centered on a project’s ranking on a concern system in comparison to other jobs. This financing source have not yet been guaranteed, however the Town of Waitsfield is from the concern list. Roughly $1.9 million is anticipated for stage 1 and $2.2 million for stage 2.
Vermont Clean Liquid Revolving Loan Fund. Then the Town will be eligible to receive a long-term loan through the Clean Water State Revolving Loan Fund (CWSRF) which offers a 20-year loan without interest, but with an administrative fee of up to 2% if the Town receives additional grant funding other than the DWF grant described above,. Read more