At the Derry Town Council meeting on Aug. 19, the Council bit an aging bullet when it signed an agreement authorizing the New Hampshire Department of Transportation (DOT) to manage funding, design and construction of the proposed Exit 4-A interchange.
Acting Town Administrator Larry Budreau prepared a fact sheet on the authorization and provided a letter for the six councilors to sign. Councilor David Fischer was absent.
The town has been dealing with the proposed exit for 30 years and passed a motion in 1997 appropriating $5 million for its share of the interchange off Interstate 93. The motion authorized the treasurer to borrow the amount under the Municipal Finance Act. The town has spent approximately $1.75 million on the environmental impact study (EIS), leaving it on the hook for $3.25 million.