Town of Bridgewater AgendaPacket Budget & Finance Committee Meeting 2026-06-02
Bridgewater Plans $8.5M Clean Water Trust Financing
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Description
Bridgewater is poised to enter into a financing agreement with the Massachusetts Clean Water Trust for up to $8.5 million to fund design and construction of water system improvements associated with the Plymouth Street Wells Project and other infrastructure upgrades. The borrowing will support treatment for iron, manganese, PFAS, and replacement of aging water mains.
Contract Details
Contract Amount
$8,500,000 (authorized borrowing; all or a portion may be borrowed from the Trust)
Vendor
MASSACHUSETTS CLEAN WATER TRUST
Agency
City of Bridgewater, MA
Contract Type
FINANCIAL_SERVICES
Document Date
May 31, 2026
Renewal Info
Loan authorization under M.G.L. c.44 §§7 and/or 8 and c.29C; specific amortization, term, and renewal provisions will be defined in the financing and security agreements with the Trust.
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