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Bristol Town Council considers ways to reduce interest on wastewater bond

The bonds were taken in 1998, and now the council wants to refinance or pay them off. 


Posted on May 14, 2014 at 5:14 p.m.

Bristol Town Council Work Session

When: Tuesday, May 13

Key action: Heard a proposal from Duane Kline with First State Bank of Middlebury to pay off the outstanding wastewater revenue bonds, taken out in 1998. The town is exploring options to refinance or pay off the bonds at a lower interest rate.

Other actions:

  • Heard a request from the Bristol Fire Department for money from the police and fire cumulative radio fund to replace old breathing apparatus with 18 new sets, including a spare bottle for each and a compressor at a cost of $116,529. Some of the fire department’s existing breathing apparatus are 30 years old and are not repairable because parts aren’t made any more. The council will consider the request at its regular meeting Thursday, May 15.
  • Received a cost estimate of $93,000 to integrate the controls for the existing wells with the new well. The council will consider the proposal at its regular meeting Thursday evening.
  • Received a proposal to repair about 6,500 square feet of sidewalks for about $5 per square foot.
  • Heard that stickers are being made to be used to notify residents of ordinance violations for not keeping grass mowed and having vehicles parked in yards.



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