How will the project be funded?

Approximately 64% or $10.6 million will be funded by grants. The remaining $6.1 million will be funded by a 30-year 2% loan from the State of Vermont. The loan will be repaid only by the 289 properties located within the sewer service area. Properties outside of the sewer service area will pay nothing for this project. No property taxes or local option taxes will be used for this project. 

Show All Answers

1. What is the Malletts Bay Sewer Project?
2. Where would the wastewater be treated?
3. How will the project be funded?
4. Is my property located in the new sewer service area?
5. Will properties within the sewer service area be required to connect to the sewer system?
6. How much will the initial connection fees be for properties connected to the sewer system?
7. What will the annual cost be for a residential property within the proposed sewer service area?
8. What will the annual cost be for a non-residential property within the proposed service area?
9. Many of the properties within the sewer service area are significantly lower than the roadway, how will these properties be connected?
10. What is the overall construction schedule for this project?
11. What is the current overall status of the project?
12. How can I get additional information about the project?