Town of Hardwick Debt Management Policy May 2026
Wastewater Plant Upgrade Financed by State Loan
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Description
The Town's sewer enterprise fund is upgrading its wastewater plant using a $3,164,753 State Rev Loan Fund loan, with $2,180,238 outstanding as of June 30, 2025. The financing will mature on May 1, 2044.
Contract Details
Contract Amount
$3,164,753
Vendor
STATE REV LOAN FUND
Agency
Town of Hardwick, VT
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Contract Term
Closing Date 10/7/2021; Final Maturity 5/1/2044
Renewal Date
2044-05-01
Renewal Info
State revolving sewer loan maturing in 2044; refinancing would require separate action.
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