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Board reviews surplus, town contribution and connection-fee practice as East Town Village plans are discussed
Summary
The authority reported a FY surplus of $7,325.78 after a near $10,000 roof expense; the town contribution was $50 this year and may rise to $75 next year. The board discussed connection-fee practice and EDU assignments, noting property owners typically pay hookup costs while DEP grants covered 50% of a past project.
The treasurer reported a fiscal-year surplus of $7,325.78 even after spending nearly $9,990 on a new roof. Board members noted the authority received $50 from the town this year and the town contribution is expected to increase to $75 next year. The treasurer said that next year's budget will need to account for capital items such as fencing and electrical work that may fall into the following fiscal year.
Members discussed how connection fees and equivalent dwelling units (EDUs) are handled: when a property connects to the system the owner typically pays the full hookup cost from the street to the house; the transcript noted one past project received a DEP grant covering approximately 50% of its cost. The board discussed potential EDU counts for the East Town Village development and cautioned against front-loading fees that could discourage development; staff said they will bring building elevations to the next discussion to allow a rational review of massing and EDU needs.
