Boisen said the first billing would be for the amount of $534,10, which was calculated when the project first started.
"We do not have much in operating costs this year, so we are mainly looking at paying back the loan with this payment," she said.
Boisen also said the town was waiting to hear about two properties that had yet to provide easements for the running of the main sewer line.
The town board also welcomed its newest member Jan. 13, as Harold MacDougal was sworn in as a member of the board, replacing Stephen Sayward, who now serves as town justice.
"I was on the planning board for 10 years and was thinking about doing this," MacDougal said about his interest in joining the board. "I have run for the position before, and I had planned on doing it again before this came up."
MacDougal was joined by Scott Hurlburt, Olive Alexander and Jeff Benway as persons who submitted an application for the position.