Back-Up Well Referendum Passes
Date Posted: Monday, March 19th, 2012March 19th, 2012 Special Election Results
Referendum Election for proposed borrowing up to $375,000.00 made available by the Delaware Department of Health and Social Services through its Drinking Water State Revolving Fund. The proposed project consists of the installation of a third back-up well and ancillaries along with a new raw waterline. The loan will be amortized over thirty (30) years at an interest rate of 1%, with accrued interest payable during construction of the proposed project (42.8% of the loan (up to an amount equal to $160,500) will be forgiven and not have to be repaid by the Town).
Votes FOR: 56
Votes AGAINST: 5
The referendum has been passed by the property owners in the Town of Blades.
