Town of Farmington Budget Committee Meeting Minutes 2026-01-28
Town Seeks Approval for 10-Year Well-Site Deal With Cemetery Association
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Description
Farmington has negotiated a 10-year, $250,000 plus 5% interest agreement with the Cemetery Association to secure a new municipal well site on cemetery land, funded initially from the Water Capital Reserve and repaid by water users. Voter approval at Town Meeting is required for this long-term obligation.
Contract Details
Contract Amount
$250,000 plus 5% interest over 10 years
Vendor
CEMETERY ASSOCIATION
Agency
Town of Farmington, NH
Contract Type
OTHER
Document Date
January 28, 2026
Contract Term
10 years
Renewal Date
2036-12-31
Renewal Info
Structured as a fixed 10-year payment agreement; no extensions discussed.
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