Boone Town Council To Hold Special Meeting Wednesday on Final Intake Loan Conditions

Published Wednesday, September 28, 2016 at 2:45 pm

By Jesse Wood

The Boone Town Council will hold a special meeting Wednesday, Sept. 28, at 5:30 p.m. at the Council Chambers at 1500 Blowing Rock Road.

“The purpose of this meeting is for council to consider and potentially approve final loan conditions and other documents in connection with the financing for construction of the raw water intake project. A public comment period will be available at the beginning of the meeting,” according to the meeting’s notice.

The Town of Boone issued the notice on Monday.

In August, the Boone Town Council voted 4-1 to request an additional $12 million in USDA loans for the town’s water intake project. The project’s total cost is now estimated to be nearly $42.3 million.

This compares to the $25-million bond referendum that town voters approved in 2008 for the water intake and the $20.5 million loan that the town accepted from the USDA to finance the project in 2010.

The most expensive line item on the project is the 63,000-foot transmission line that will bring the water from the proposed intake in Todd to the town’s water treatment plant in Boone.

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