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WPCA outlines financing path for I/I study: $500,000 estimate, 55% grant possible
Summary
Members discussed a roughly $500,000 I/I study that could be 55% grant-funded, the WPCA's plan to seek a state low-interest loan for the remainder, and next steps to confirm capital-authorization with town and bond counsel.
The Litchfield Water Pollution Control Authority discussed the likely capital-authorization path and financing structure for a proposed I/I study estimated at approximately $500,000. Chairman Chris Levesque and BOS Liaison John Bongiorno led the conversation on how the project would be authorized and financed.
Members noted that DEEP grant funding could cover about 55% of the study cost, leaving an estimated $225,000 loan obligation. The WPCA plans to pursue a state low-interest loan (approximately 2% over 20 years) that would carry the Town of Litchfield's full faith and credit. Bongiorno outlined the expected process: submission to the Town capital committee, review by the Board of Selectmen and Board of Finance, and final approval at Town Meeting.
Because the WPCA operates as a separate entity and its current practices may not reflect ordinance language dating to a 1995 transition from the Sewer Commission, members agreed to confirm the proper authorization route with Town corporate counsel and bond counsel (Robinson & Cole). C. Levesque will prepare a written use-case describing the proposed 55/45 financing structure for transmission to counsel; J. Bongiorno will assist with counsel communications. The committee generally agreed to defer bonding to a later construction phase (FY2028–2029) rather than bond the study itself.
