2010 ANNUAL REPORT ENFIELD, NEW ... - Town of Enfield

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Tax Increment Finance District
Advisory Committee
2010 was a busy year for the TIF District Committee. During the first
half of the year, the Committee worked with an engineer and a landscape
architect to refine plans for the Huse Park/Community Building parcel. However,
based on input received at an October Public Meeting, the TIF Committee voted
to put the Huse Park project on hold and shift focus to the design and
construction of a water and sewer extension along US 4 from Baltic Street east to
the Canaan Town Line.
During the second half of 2010, the TIF Committee worked with an
engineering firm to launch the preliminary design phase of the US Route 4 water
and sewer extension project. During the fall, the project area was surveyed for
use in developing the final construction plans. As of the end of 2010, the
preliminary construction estimate for the water and sewer extension was
approximately $3 million dollars. The current project timeline would have the
project design completed in the spring of 2011, with a Special Town Meeting
held in the late-spring/early-summer to authorize bonding or obtaining a loan to
finance the project, and construction getting under way in the fall of 2011. Based
on current TIF revenues and project cost estimates, it would be expected that the
full debt service incurred to finance the water and sewer project would be paid
for through TIF revenue and would have no direct impact on property taxes.
Also during the second half of 2010, the TIF Committee worked with an
engineer to design, bid, and construct a relatively short but important sewer
connection along Main Street. The roughly 300 foot sewer extension tied the
Holmquist Woodworks building (which previously had no wastewater service)
into the Town’s sewer system. This sewer extension project was added into the
TIF project list by vote at the 2010 Town Meeting.