12/16/2019 BOARD OF SELECTMEN Agenda Packet

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*DRAFT* BOARD OF SELECTMEN MINUTES 12-9-2019* 2 Board of Selectmen Minutes December 9, 2019 Present: Selectman Andrew R. Gottlieb, Selectman John J. Cotton, Selectman Thomas F. O'Hara Selectman Carol,A. Sherman, Selectman David W. Weeden Town Manager Rodney C. Collins Assistant Town Manager Wayne E. Taylor Meeting Called to Order by Chairman Gottlieb at 6:3 0 p.m. Mashpee Town Hall, waquoit Meeting Room APPOINTMENTS & HEARINGS Presentation and Discussion of Revised Sewer Pro'ect Scenarios Finance Director Dawn Thayer, Treasurer/Tax Collector Craig.Ma en: The Board of Selectmen met with Dawn Thayer, Finance Director'and Craig Mayen, Treasurer/Tax Collector to review the updated scenarios to fund wastewater. Mr. Mayen indicated that figures are comparable to the estimates presented to the Sewer Commission by J. Jefferson Gregg of GHD, project engineers. The Phase I Plan associated to the wastewater Treatment Facility at Site 4 adjacent to the Transfer Station is projected to cost $51.2 million for construction. The subsequent phases II and III although not.fully defined are projected to cost$100 m, collectively or$5 0 m. for each phase. The Financial Team in considering their projections utilized the assumptions submitted by the Town of Orleans. In Phase I of the project scope it is estimated the.average cost per homeowner is $153 per year using 0%loan forgiveness-in the projection. The average home value in FY19 is $474,810, The 0% loan forgiveness was recommended by the State when considering cost assumptions. Offsets to be further defined include forgiveness possibilities, the room occupancy tax,the Cape & Islands water Protection Fund, forgiveness and potential betterment offsets. In FY 19 the Room Occupancy Tax was $106,000. The Cape Chamber of Commerce has projected the Room occupancy Tax at$1-.140 m. The estimated offset at 75%�is $83.20 per taxpayer. . The Financial Team was requested.to identify the number of properties that are above and below the average home value of$474.8 10. In Phase I, II and III combined the average cost to the taxpayer without.forgiveness is $450.91 per year without inflation or other variables over a 40 year period. The estimates presented by the Financial Team are dependent upon the success of the Shellfish Remediation Program for nitrogen removal an investment of$1.5 M. yearly.