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Map of Planning Area <br /> Vt <br /> ��� <br /> f'//// ✓/ /,��i // -'f� t <br /> F <br /> * 1 5ev,€RWIJ48roghgen <br /> tf <br /> 7 �A i \� <br /> t , �± <br /> 7", <br /> y� r A <br /> €� P <br /> t-aw"',e.+ourufu.+u n w�uovni <br /> �&EYIEREMERegNMFJ. �5_ Sly YM7IF'BJIE •f F F ���»� t ..^ ; <br /> Ott$ <br /> a a > <br /> �1 i S, fr s S � •.'� 7 _ '� ,n Uk i r <br /> 404RlIfYGIV@SRE� i t <br /> Ati r „ i r <br /> f^ ? <br /> f <br /> .v✓.. _ <br /> �` ftt<1E7 E Legend <br /> --Tw BwWxy <br /> E <br /> nnxRm skrRExn:NrwHn�n ,i��` -�;� �` { ��. 'fi t �' -� sun.lMatersbed BamApy <br /> W_q:P.PoSuaanaaniwazsnv"a­ <br /> PolontW Picas@ 3$ew A ua <br /> F_ Potenttel SwrerAroa In h4nshpee 4c2hRTONmn� �, 3 ( 1 t i�r,i ]Ploruxd Sewer Extonsbn Meas <br /> otrfD�NkIM Sorved by ExsWig So ,S,gem <br /> Potential Treated Wulet Recharge Sites <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 sewcred <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 to Residents and Homeowners: <br /> Taxes and Betterment Charges <br /> (SRF). At list$100 million will besought inFYlS. g <br /> It is important to understand all the costs, and how they <br /> Taxes, bettet7nent ehatges, and other-fees will need to be assessed on homeowners, residents, and businesses to pay can be balanced, in order to reach an affordable decision <br /> 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-ofls <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 careftdly. <br /> • • 1 0 I 0 1 I I / � <br />