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Map of Planning Area <br /> .`'�,Y�,��' <br /> i`r}'l� / ✓f�%�f! ��,!/..!�' L!!1�� ✓fC! ( 5� �NKJ{ $ 4f 'f1 <br /> t�'tl64VEli <br /> 15 6EVi£R E)nENS�f{A9EA /'?�/! f t J <br /> of :, z a r ✓ /�� -��onersawnvere f� -. <br /> � � _ FUMamt t ``'✓� i l j`Tr,-, � t ;1 J r y i`�� �� ti v._ r� <br /> l <br /> �� <br /> tl�tlt <br /> W'V % <br /> 3 Cr 'f F �fY� t�l `1} <br /> Y.ESi FA1hf0Ui11 Fih 7fD �t '� r 1 EXY6T9iG fALRIWiR <br /> sEv�RExrErsronaneA L, ( C E � vnvrrsne \� <br /> (' 1 1" <br /> I'I rV <br /> 'J <br /> FALL rm c«nrtnv ct�s srt€I �� ` <br /> 4 <br /> Legend. <br /> Tmnsounday <br /> fIIJiNEe�rrnE%TENSf(Ni AFEA (� � ry� �"'��s �F! ' Suh-Wniershed Eiotmd.Yy <br /> 4;a "'{t-`1 ( - A ...; a ��i �� Proposed Pharn i and 2 sovrerArea <br /> PnlenCal Fiwaa36cnprAma <br /> ` 0"An�E P= En % me ard Sexe•-8ktenston Mews <br /> P-016 served by Exhu g Sawn syega <br /> W�tux6lar Traalmanl Ske <br /> hWR <br /> Pdantfal7(ented Wt.'necherga 94es <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 /> Debtser•vice 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 though the State Revolving Fund Costs to Residents and Homeowners: <br /> (SRF). At least$100 million will be sought 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 SO sewer system. The Town has to consider the trade-oils <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 />