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Map of Planning Area <br /> 11 , ilomchl��✓�// �s�nuwlul / [ <br /> - <br /> a eezrensiwln.G i <br /> 1 <br /> � - i�onsnssvnvrr arrE�f / <br /> 3 , <br /> A. <br /> VMST rAuroefR FM%Eo� <br /> sEv,ErsezrersavnnG � � � I '( vnvrr sRc '° r <br /> Ae <br /> � ') �.¢t �� r 1 � f FAlAVg1iR000NTRV 0.UR ITCI! <br /> t , <br /> ,. f Legend <br /> r A B-1.1. <br /> � \'- t I �� T Nl ry <br /> NT <br /> IV l.ORTNRAVI RNlfi _ �. ,-t ' <br /> WFO�..LlSEREXr'YSOHARG� r �� � �SMV/alCrshM BouM.Vy <br /> Purposed Phew 1 and 2 S—,At <br /> P.!..V l Ph.-3 Sm IV- <br /> ^i' P...IW Smv ..WA-hpea <br /> { v � { I 4 � �Pla necl Sealer EXtcvsbR lveas <br /> l 1 <br /> REYTIi EXiEilSlONNiEA P 's Sorvdl by Exis S.—SYltem <br /> MMR <br /> Po1-WTre WW.WRecharges es <br /> Financing Mechanism comprehensive approach at once. For instance, some <br /> The Town of Falmouth has several financing mechanisms homes might be sewered first to the existing wastewater <br /> available that can be combined to cover project costs. plant in West Falmouth and remaining homes sewered <br /> These are further explained below many years later to a new plant or cluster (small-scale) <br /> Debt service management. The new sewer project is plants located elsewhere in Falmouth. <br /> a large-scale capital project that requires high levels of Costs to Homeowners in Sewered Areas <br /> sustained finance over time,similar to constructing a new Homeowners would likely bear several kinds of costs in <br /> school or other facility. This means that the Town will order to implement the project. The costs could include: <br /> need to borrow and raise money, and maintain constant 1) increased taxes; 2) a betterment fee on individual <br /> levels of debt to fund the project. The Town can issue homes,paid for annually over a period of time;3) a <br /> new debt as current debt payments, such as for the high one-time connection fee of$2,000-$5,000; and,4) <br /> school are retired. This timing will allow the Town to annual sewerage fees once hooked up to the system. <br /> maintain a stable debt level, reducing future balloon These are each explained in this fact sheet. <br /> payments. <br /> State Revolving Loan Fund The Town of Falmouth can <br /> access interest-free loans through the State Revolving Fund Costs Residents and Homeowners: <br /> a <br /> (SRF). At least$100 million will besought in FY15. Taxes and Betterment Charges <br /> It is important to understand all the costs, and how they <br /> Taxes, betterment charges,and other fees will need to be can be balanced, in order to reach an affordable decision <br /> assessed on homeowners, residents, and businesses to pay that will be sustainable for Falmouth. Taxes impact all <br /> for the overall project. A combination of betterments and residents,while betterments and related user fees affect <br /> taxes in some form,along with debt service management only those homeowners and businesses using the new <br /> would cover the costs over long periods of time (20 to 50 sewer system. The Town has to consider the trade-offs <br /> years). between funding improvements with town-wide taxes <br /> Project Staging. Though not a direct financing mecha- or resident-specific fees such as betterment. Issues of <br /> nism, the project can be staged over a longer period of fairness, ability to pay, benefits received, and so forth <br /> time so that the Town does not incur all the costs of a have to be weighed carefully. <br /> ® ® e a r ® e e ® ® o a <br />