Town seeks $3M bond for roads

Posted on January 27, 2011 |

• Middlebury
• transportation

By John Flowers

MIDDLEBURY — The Middlebury selectboard on Tuesday OK’d a 2011 Town Meeting Day warning that includes a request for a 20-year, $3 million bond issue to take care 17 different road improvement projects that might otherwise linger on the drawing board.

Officials stressed they would not seek to repay the bond issue through a property tax increase. Rather, they are proposing to pay down the bond debt with funds Middlebury already budgets annually for capital improvements.

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