Representative Town Meeting Special Meeting Materials (linked)

SEEN ROM, FERRY ROAL WATERFORD, CH 2385-2886
April 15, 2020
Mr. Thomas J. Dembek, Moderator
Representative Town Meeting
Town of Waterford
15 Rope Ferry Road
Waterford, CT 06385
RE: Waterford Utility Commission Recommendation Regarding Governor Lamont’s Executive
Order No. 78, Financial Relief to Tax and Rate Payers
Dear Moderator Dembek,
On April 1, 2020, Governor Lamont issued Executive Order No. 7S (EO7S) intended to provide
some financial relief to taxpayers and ratepayers consequential to the effects of the COVID-19 pandemic.
EO7S provides for two programs to be considered by our legislative body — Sec. 6a) - Deferment
Program and Sec. 6(b) — Low Interest Rate Program. The RTM has the option to adopt one or both of
these programs. :
After evaluating the conditions of each of the programs, it is my recommendation for the RTM to
adopt EO7S Sec. 6(a) as the manner by which the Town of Waterford will offer some financial relief to
our tax and rate payers. This program provides the most significant benefit to our tax and rate payers. It
would be our intent to implement this relief program with the July1, 2020 Sewer Bill, extending the
payment period to 90 days through October 1, 2020.
It should be noted that this extension has a potential short-term cash flow impact of up to $1.12
million which represents the estimated operating costs of the Waterford Sewer System during July-
September 2020. This is a worst case scenario as it is anticipated that some revenue would be received
during this 90 day payment period.
On behalf of the Waterford Utility Commission,
Respectfully Submitted,
Peter M. Green — Chairman
Waterford Utility Commission te mr
Ce: Rob Brule, First Selectman “ 7 = a
Nick Kepple, Town Counsel ‘ rm
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Utility Commission