Reducing Project Costs

The Task Force examined multiple options for taking out a bond for the undergrounding project, the method of financing approved by Town voters.  Task Force Members reviewed ways to reduce the debt service on the bonds, cut costs and how lower interest rates can benefit the Town. A more formal discussion on the financing will take place in the coming months after the Master Plan is approved. Town voters approved $90 million in bond financing to fund the undergrounding project.