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Here is a summary of what the Committee has determined since August of 2024:
1) It is not economically feasible to generate power at the dam.
2) The initial cost estimates to the repair the Dam are approximately 9 million dollars.
3) FERC approval is required for any plan.
4) Regardless of the plan, a Surrender Application must be filed with FERC since hydropower will not be generated.
Developing and filing the Surrender Application is a lengthy and expensive process, requiring approximately $250,000 to begin working on the Application. The Town needs the authority to borrow more money if it becomes necessary, with a cap of $500,000.
Once the Surrender Application has been approved by FERC, construction work to REPAIR the Dam would be put out for bid, IF the voters choose this option on June 10th.
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