Bennington Select Board Meeting Minutes April 13, 2026
Town Approves $4M Water Main Loan Agreement
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Description
The Bennington Select Board approved a Vermont Revolving Fund Loan Agreement with the Vermont Bond Bank for roughly $4 million, including about $2 million in principal forgiveness at 0% interest. The 40-year loan will finance the South End Project to replace undersized water mains and resolve water pressure issues in the town’s south end.
Contract Details
Contract Amount
Approximately $4,000,000 (with approximately $2,000,000 forgiveness of principal, 0% interest)
Vendor
VERMONT BOND BANK
Agency
Town of Bennington, VT
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
40-year term
Renewal Date
2066-04-13
Renewal Info
Single 40-year construction loan associated with a 2023 voter-approved bond; includes approximately $2 million principal forgiveness and 0% interest for the term.
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