OXFORD — Selectmen on Thursday authorized the town to sign a declaration that it would repay the tax-exempt bonds used to pay for the wastewater treatment facility.
Town Manager Michael Chammings said the declaration is a U.S. Treasury Department requirement.
In December, the town approved a $20 million bond for a new wastewater treatment plant on Route 26 near Welchville village. The vote allows the town treasurer, Chammings, and the chairman of the Board of Selectmen to issue general obligation bonds up to $20,225,000 for capital improvements. Income from a Tax Increment Financing district on Route 26 will pay back the bond.
The board also accepted $2,000 in donations; $1,000 for the Keep Oxford Warm account and $1,000 for the Helping Hands Food Pantry account, both from resident John R. Crumpton.
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