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Mr. Jack went on to say that, historically, when a Town and/or Commission does elect to do betterments in <br /> this manner that it is typically a 70-30 split. <br /> Marion Klaussner inquired about the Community Septic Loan Management Program. <br /> Mr. Jack stated that the loan program was originally intended for septic systems but, has since evolved to <br /> include sewer connections as well the abandonment of the old septic system. <br /> The web address is on the Sewer Commission website under Sewer Project Information. <br /> His understanding is that this year the program will be modified to be income based. He stated that this is an <br /> affordable and achievable way to handle the cost of hooking up to the system. <br /> Diane Kelly inquired as to why Sea Oaks betterment is less than Summerwood. It was explained that the <br /> physical cost of the project is more, i.e. more linier footage of pipe in the ground and that the cost has nothing <br /> to do with the overall square footage of each unit. <br /> Mr. Stark asked if the cost includes repairing the road as well as the abandonment of the old septic system. <br /> He was told the cost does include the repair of the road and does not include the abandonment of the old <br /> septic system. <br /> Diane Mulligan inquired as to whether the units are all gravity fed and Mr.Jack responded that to his <br /> knowledge they are, based on his review. <br /> MINUTES <br /> N/A <br /> OLD BUSINESS <br /> None at this Time. <br /> NEW BUSINESS <br /> 1. Proclamation: Betterment Hearing—Summerwood Condominium. <br /> 2. Betterment Presentation — Ray Jack. <br /> Mr. Jack presented a slide show explaining the Betterment process. <br /> He stated that before the evening is over the Sewer Commission will vote an Order of Assessment which will <br /> include the area to be assessed, which is Summerwood Proper. <br /> The vote will be as follows; <br /> • The estimated cost of the project. There will be a Total cost as well as a Unit cost. <br /> The Total cost is what is being assessed with regards to construction. <br /> • Apportionment of costs. Percentage of Owners and percentage of the Town. <br /> • Repayment period. Could be up to 30 yrs. <br /> • Interest rate. <br /> This assessment will be applied in the form of liens against the property, not the individual. <br /> He explained that the assessment is estimated and the final assessment will be when the project is done. <br /> The Final Betterment cannot exceed the estimated value. Once the value is established this evening it cannot <br /> go up. <br /> 2 <br />