Town Seeks $400K from Water Pollution Trust

Planning and Development has recommended that the Town borrow $400,000 from the Massachusetts Water Pollution Abatement Trust at 2% interest to fund the next round of the Title V Betterment Loan Program. The program offers 5–15 year loans to homeowners for septic repairs, replacements, and sewer tie-ins, secured as liens on the properties.

Scope & details

The full contract record, as filed.

Contract amount

$400,000

Contract type

FINANCIAL_SERVICES

Contract term

Loans to homeowners: 5 to 15 years; Town borrowing round 2024

Renewal

Memo notes this as the fifteenth borrowing round for the Title V Betterment Loan Program, following prior authorizations of ten $200K rounds, three $300K rounds, and one $400K round. Current funds are fully allocated, prompting a new $400K borrowing recommendation.

Document type

Meeting Minutes

Source document

plymouth-meeting-minutes-2024-08-21-pdf_58c.pdf

Related contracts

Other contracts from Massachusetts Water Pollution Abatement Trust.

View all →

Town of Plymouth Advisory & Finance Committee Agenda Packet 2026-09-02

bristol-county-commissioners-meeting-minutes-july-9-2021_d72.pdf

APPROVED

Bristol County Agricultural School District, Massachusetts$533.95Jul 9, 2021

bristol-county-commissioners-meeting-minutes-july-9-2021_d72.pdf

APPROVED

Bristol County Agricultural School District, Massachusetts$7,119.27Jul 9, 2021

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Plymouth?

Massachusetts Water Pollution Abatement Trust was awarded this financial services contract by Town of Plymouth, as recorded on August 21, 2024. The contract value is $400,000.

How much is the Massachusetts Water Pollution Abatement Trust contract with Town of Plymouth worth?

The Massachusetts Water Pollution Abatement Trust contract with Town of Plymouth is valued at $400,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in plymouth-meeting-minutes-2024-08-21-pdf_58c.pdf (Meeting Minutes), dated August 21, 2024 from Town of Plymouth. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Massachusetts Water Pollution Abatement Trust hold?

Massachusetts Water Pollution Abatement Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Massachusetts Water Pollution Abatement Trust's profile

What is Town of Plymouth currently buying?

Explore Town of Plymouth's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Plymouth's profile