JAY — Residents on Monday authorized selectmen to borrow up to $685,000 for a Route 4 sewer project.
Less than 15 people attended the special town meeting, which was held before the selectmen’s meeting at the Municipal Building.
Money from a state revolving loan fund will be used to replace sewer lines to properties and manholes at the same time as a Maine Department of Transportation project on Route 4. The project will extend from Bridge Street in Livermore Falls to Pineau Street in Jay, said Mark Holt, sewer department superintendent.
Livermore Falls sewer and water departments, and Jay sewer department have joined in the project so that once the work is done, repair work won’t have to be undertaken anytime soon, he said.
“Anything buried will be new,” he said Tuesday.
The total cost, including the bond, with a maximum interest rate of 2 percent, maximum term of 15 years, and fees comes to $827,070. The estimated annual payment will be $59,938.
All the work done by the state and towns will come under one contract, he said. Holt expects bids on the project to be out by late fall.
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