The largest Community Preservation fund project going before voters at Town Meeting is a $1.2 million repair and restoration project at the Parker Mills Pond Dam.

The Parker Mills Pond Dam was classified as a High Hazard Potential Dam by the Office of Dam Safety at the Department of Conservation and Recreation, which means its failure would likely impact loss of life and damage to homes and commercial facilities.

The dam, which supplies water to the area cranberry industry, is located across from the Tremont Nail Factory. The Elm Street bridge, which was indefinitely closed on June 20, is part of the dam.

In its August 2014 report, the Executive Office of Energy and Environmental Affairs said, “The Parker Mills Dam faces a multitude of repairs in order to maintain public safety.” It said a recent inspection of the dam found the dam in poor condition with, “displaces and unstable upstream wall sections, sinkholes and leakage . . . and deterioration of concrete,” as just some of the problems.

The state has awarded the town a $165,000 grant for the project as well as a $835,000, two percent interest loan to the Community Preservation Committee for the $1.2 million project.

Both Selectmen and the Finance Committee support taking the available funds for this project. Finance Committee members

“The Parker Mills Dam underlies the road [Elm Street] with its failing bridge culverts and other weakening issues. The bridge is not safe and the Town must repair the bridge, road and dam,” the Finance Committee wrote in its recommendation.

Selectmen said the issue of who owns the dam is still under review, but the opportunity to get the money now shouldn’t be wasted, no matter what portion of the dam the town owns.

In total, seven projects are going to town meeting seeking Community Preservation funding.

Among the projects, voters will be asked to appropriate $98,000 for restoration of the Old Methodist Meeting House at 495 Main St., $70,000 to create an additional housing unit at the Wareham Housing Authority, and $114,543 for the restoration of the American Legion Hall Post 220.

The funds come from a three percent surcharge levied on residential property above the first $100,000 of assessed property and the state partially matches the locally raised funds. That money must be used for historic preservation, affordable housing, preservation of open or recreation facilities.