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lhe town has the highest bond rating you can get, according to county attorney John Bennett. If the town went forward with a revenue bond, it would be based upon future water and sewer revenue,
If the revenue bond loan falls short of the projected cost, the the town would have to take out an additional general obligation fund loan based on the town’s income.
“We will do all we can to work with you and we should be able to come up with a loan program that will fit your needs,” said Crumlish.
Bennett said that the town would be looking at an extended term loan for the project,
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