The Town Board wants to increase the maximum amount to be spent for improvements to Water District No. 3, while reducing first-year costs for customers.
The proposed increase is subject to a permissive referendum.
That means if a sufficient number of signatures are obtained on a petition asking for the public vote, the town must schedule a binding referendum.
At its Dec. 19 meeting, the board voted to increase the maximum amount to be spent for improvements to Water District No. 3 from $848,480 to $1.2 million, increasing the amount to be financed by $441,200. That would put the first-year debt service at $23,957.
Town officials say the annual debt service charge per Equivalent Dwelling Unit (EDU), based on the additional project cost, is estimated to be $432, a decrease from $781.
The annual water fee per gallon and operation and maintenance cost is estimated to increase from $300 to $368, but the total estimated first-year charge for everything is projected to decrease from $1,081 to $800.
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