Proposed city borrowing for two planned sewer system projects, with a combined cost of $343,443, was placed on file for two weeks by the Haverhill City Council last night.
The city is requesting council approval of a proposed loan order to, in part, extend city sewer service to three residential properties on the eastern end of Lake Street, near North Broadway. The council, in March, 2015, approved plans to spend $35,000 for a design phase of the 450-foot sewer line extension. That project’s cost is placed at $174,346, according to council documents. Property owners at 625, 627 and 629 Lake St. would contribute a total $54,918 in betterment assessments. Payment options include full payment within 30 days or installments, as part of property tax bills, at five percent interest for up to 20 years.
“The property owners were surveyed prior to starting this project and agreed to share the project cost via sewer assessment. The assessments range from $17,096.91 to $19,672.12 for each property,” Deputy Public Works Director Robert E. Ward wrote to Mayor James J. Fiorentini. The mayor subsequently submitted a favorable recommendation to the council.
A $169,097 remainder to the city borrowing request would fund replacement of, according to Ward, a “badly deteriorated,” 387-foot section of an existing sewer main along Water Street, from Buttonwoods Avenue to Groveland Street.
The city council will revisit the loan request during its Tuesday, Oct. 18 meeting.