Town of Stowe Manager's Report Agenda March 2026
Smith Falls Hydro Construction Awarded to Kingsbury Companies
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Description
The Stowe Electric Department Board awarded the Smith Falls Hydro Project construction contract to Kingsbury Companies, LLC and authorized financing through a $2.4 million Municipal Bond Bank loan to bridge the Investment Tax Credit timing gap. The contractor will collaborate with the utility to identify cost savings during project delivery.
Contract Details
Contract Amount
$2,400,000 (financed via Municipal Bond Bank loan)
Vendor
KINGSBURY COMPANIES LLC
Agency
Town of Stowe, VT
Contract Type
CONSTRUCTION
Document Date
March 25, 2026
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