Middletown Springs School District
Special Meeting Tuesday August 13th 7pm at the School
Voting Wednesday August 14th 7am to 7pm at the Fire House

Vote to Authorize Loan and Loan Forgiveness from Drinking Water State Revolving Fund

Summary: Principal Rick Beal has secured majority funding for much needed repairs to the school water supply. The process involves a construction loan from the Drinking Water State Revolving Fund, which needs to be authorized by municipal voters. Upon completion of the project, the Agency of Natural Resources will forgive $25,000 of the loan. The project cost is estimated at $27,000. The loan authorization being sought by the school board is $30,000. Any amount above the $25,000 to be forgiven by the state will be paid from the building maintenance line items of the already approved school budget. This vote is not requesting any additional money from the taxpayers for the school. It is simply asking the voters to approve the loan as required by the Drinking Water State Revolving Fund program.

Background: For at least the last 6 years, the school water supply system has been out of compliance with state regulations. Principal Rick Beal has applied for a Drinking Water State Revolving Fund program to repair the system. Under the program, the school would receive a loan of up to $30,000 for this project. Upon completion of the project, $25,000 of the loan will be forgiven by the State. The Drinking Water State Revolving Fund program requires municipal voters approve the loan.

• The state of Vermont is offering a loan forgiveness program for up to $25,000 of the cost of these projects.
• In order to receive the loan forgiveness the project must be approved by the voters.
• These repairs are necessary to comply with state regulations.

Voting YES on this ballot will allow the school to borrow up to $30,000 for water system repairs, with $25,000 to be forgiven by the state upon completion of the work.

For further information please attend the informational meeting at the school on Tuesday August 13th, 7pm. If you are unable to attend but still have questions, call the Superintendent’s Office (802-287-5286) or your local school board members.

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