Mechanic Falls OKs loan extension for Town Office relocation

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MECHANIC FALLS — Town councilors agreed Monday night to extend the construction financing for the Town Office relocation for another six months.

“The original construction loan had a term that ends Sept 20,” Town Manager Zakk Maher said.

“This extension will bring the new end date to March 20, 2019, allowing us more time to complete the renovations and relocation.”

In November 2017, voters authorized town officials to obtain a bond for $500,000 to pay for the former medical office building at 22 Pleasant St., and to move the Town Office, Police Department and library, now at here from 108 Lewiston St., to that building.

The bond was to be combined with a municipal loan of $224,500, the balance of the note on the Town Office building, to total $724,500, plus interest.

Maher said last week the town has closed on the building, but the U.S. Department of Agriculture’s Office of Rural Development would not approve the construction and financing until the note is signed by the town.

He said Monday construction plans are under review. If approved, the project will be put out to bid.

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