North River Co., which purchased the mills on Water Street, is now eligible to apply for state and federal tax credits to help finance the $21 million first phase of renovations.
waterville city council
Waterville council approves selling land that would be re-sold to marijuana grower
The council on Tuesday also voted to approve borrowing $5.6 million for capital improvement projects and accepted money to hire a program director for the Quarry Road Recreation Area.
Leaky Waterville fire station roof among $5.6 million in capital projects City Council considers
The council also will consider creating a tax increment financing district for the two former Lockwood mill buildings on Water Street that would be transformed into apartments, as well as commercial and retail space.
Waterville council to consider selling lots near airport
Councilors on Tuesday also will consider ratifying a three-year collective bargaining agreement with American Federation of State, County & Municipal Employees Council 93, which represents 11 city employees.