SOUTHWEST HARBOR — Use it or lose it was the choice selectmen faced last week regarding a shift in funds earmarked for projects that involve the public water system.
Selectmen at a May 26 meeting voted 5-0 to use the remaining money in a loan for replacing water lines on Main Street to replace water lines on Forest Avenue.
According to Town Manager Don Lagrange, the town took out a $1.2 million loan for the water-related work recently completed on Main Street. The loan has a 45 percent forgiveness rate in an agreement with the Maine Drinking Water Program. Essentially, for every dollar spent, the town has to repay 55 cents.
There is about $94,000 remaining from the Main Street project. That money cannot be used for anything other than water projects. If not used, the town would lose about $42,000 in debt forgiveness, Lagrange said.
At the meeting, Lagrange suggested that the money could be used to replace water lines on Forest Avenue.
“We have to do this project anyway,” Lagrange said.
Forest Avenue is due for a total rebuild.
“It’s high on the list now,” Lagrange said.
Plans also call for the replacement of sewer and stormwater drainage lines, repaving and construction of a sidewalk. That work is at least two years away, Lagrange said.
Water line replacement is to begin just after Labor Day. The deadline for completion is Nov. 11.