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The Select Board supported further study of a Development Improvement District to help address a $5.8 million funding shortfall for Hartford Avenue traffic improvements. The Town has received $5.5 million in grants and expects another $2.66 million, but the project still requires additional funding; the current bid is valid only through July 22.
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The Board did not adopt a new funding program, but supported researching a financing approach that would use some future tax revenue from new development within a defined area for infrastructure improvements. Town Meeting approval would be required, and the Town Administrator plans to report back on June 15. The meeting also covered upcoming road paving, a new PFAS water treatment plant, and a potential access route to a future well site.
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