Office of the Superintendent
September 26,2019
Explanation of Bond increase
The North Chelmsford Water District built the Water Treatment Plant in 2011, it took 2 years to seek approval from MA DEP and the North Chelmsford water takers. The cost to engineer and build the water treatment plant was 8.4 million dollars, the North Chelmsford Water came up with a Bond payment schedule to fairly repay this loan, starting construction in 2009, this Bond repayment schedule started in 2010 and 2011, these two Bonds will be paid back in 2030 and 2031. The reason for the Bond increase is during water tower maintenance, the Swain Road water tower needs to complete interior painting at a cost of $808,000 Thousand dollars. For further explanation you can call our office at 978-251-3931 or email northchelmsfordwater@outlook.com with any questions.
Sincerely
Bruce J Harper,
Water Superintendent
“Asset Management for Swain Road and Washington Street Water Towers”