Dublin looking to borrow $400K-plus for road construction

Monadnock Ledger-Transcript
Wednesday, January 17, 2018 6:4PM

The town of Dublin is looking to borrow more than $400,000 for road construction projects throughout town. 

Selectmen held a public hearing on Tuesday night to present possible borrowing or bonding plans for the estimated $435,881 needed to complete various projects. 

Road Agent Roger Trempe said that there are eight projects in total that would be completed with the funds requested: Boulder Drive, Spring Road, a Spring Road reclaim project, Gowing Lane, Korpi Road, East Harrisville Road, West Lake Road, and Greenwood Road. 

While interest rates cannot be finalized until voters approve the warrant article asking for the funds, Town Administrator Sherry Miller said a preliminary interest from TD Bank is 2.55-percent for a four year loan. 

Miller said the payment would be made out of a town capital reserve account annually. 

Only 11 people showed up to the meeting, which included members of the budget committee, two selectmen, Miller, Trempe, and retired Road Agent Brian Barden. 

There was little comment made during the less than 20 minute hearing, with much of the discuss revolving around the two boards getting on the same page regarding how much money would need to be borrowed. 

Nicholas Handy can be reached at 924-7172 ext. 235 or nhandy@ledgertranscript.com. He is also on Twitter @nhandyMLT.