Event Date 2/16/2024 3:05:08 PM

Warrant Article 9 - Millville Lake Dam Rehabilitation discussion - Budget Committee 1/10/24 Article 09: Millville Lake Dam Rehabilitation (Bond) $2,200,000 Shall the Town vote to raise and appropriate the sum of Two Million Two Hundred Thousand Dollars ($2,200,000) for the rehabilitation of Millville Lake Dam, and to cover the costs associated with obtaining a bond issue for said project, and to authorize the issuance of not more than Two Million Two Hundred Thousand Dollars ($2,200,000) of bonds or notes in accordance with the provisions of the Municipal Finance Act (RSA 33, as amended), to authorize the Town Council to apply for, obtain and accept any and all Federal, State or other Aid or other revenue source that may become available for said project, and to comply with all laws applicable to said project; to authorize the Town Council to issue, negotiate, sell and deliver said bonds and notes and to determine the rate of interest thereon and the maturity and other terms thereof; and to authorize the Town Council to take any and all actions necessary to carry out any vote hereunder or take any Session other action relative thereto, including acquiring or conveying interests in real property necessary to complete this work? Requires a 3/5 Ballot Vote. This project is contingent upon receiving any available grant award. Recommendations: Town Council: With Budget Committee: With Background: Cost for this project will be reimbursed by a Grant through the New Hampshire Department of Environmental Services (NHDES), American Rescue Plan Act, for High Hazard Dam Rehabilitation, in the amount of One Million Dollars ($1,000,000). NHDES is responsible for ensuring the safety of dams in New Hampshire through its dam safety program. In accordance with RSA 482: 12 and Env-Wr 302.02, an inspection of Millville Lake Dam (D209008-Salem) was conducted on June 18, 2015, and found the dam to have structural integrity issues. Based upon the results of that inspection, as well as additional investigation and analysis that was conducted, NHDES issued a Letter of Deficiency (LOD) to be remedied in accordance with applicable laws. Funding Source: Property Tax and Grant Rate Impacts: $0.00