“I’m
very pleased that the Bond Commission approved this funding
today and that these long awaited projects can commence.
One of the nice things about the LoCIP grant is that it
really assists the smaller communities that do not have
the local revenue to finance necessary infrastructure projects.
So this is a great program and I happy that these funds
were released today.”
According to
Sen. Guglielmo, the funding is part of the Local Capital
Improvement Program (LoCIP). LoCIP is a state administered
fund that helps towns pay for eligible local capital improvement
projects, such as roads, bridges and other construction
projects. Municipalities are given an eligible amount each
year based on a formula. Under the formula a town can draw
its LoCIP funds by submitting project information to the
state Office of Policy and Management, which then reimburses
the town for costs incurred up to their eligibility amount.
Under the approval
of today’s allocation, the town of Ashford will receive
$53,848 for improvements to the following roads: Slade,
Bebbington, Pumpkin Hill, Kennerson Reservoir, James, Bicknell,
Knowlton Hill and Horse Hill Roads.
The town of Coventry
will receive just over $24,000 for ADA access to Lisicke
Beach, renovations to Patriot’s Park and fencing to
Laidlaw Park.