The Massachusetts Water Resources Authority (MWRA) and the town of Winthrop have come to an agreement for the mitigation payments to be paid to the town for the next 10 years.
According to the agreement the payments are for the impact the MWRA wastewater treatment plant has on the town in regards to police and fire services, infrastructure and the residents. The payments cover a 10-year period starting from July 1, 2015 to June 30, 2025. All prior mitigation agreements between the town and the MWRA are terminated.
As part of the agreement the town has agreed to provide police and fire services as it has in the past.
The 2016 payment is $760,000; 2017 will be $779,000; 2018 will be $798,475; 2019 will be $818,437; 2020 will be $838,898; 2021 will be $859,870; 2022 will be $881,367; 2023 will be $903,401; 2024 will be $925,986; 2025 will be $949,136. There is a maximum inflation factor of 2.5 percent.
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