Board of Selectmen - 63 (02/09/2022)

TOWN OF WATERFORD
CAPITAL IMPROVEMENT PLAN
PROJECT CONSOLIDATION FORM-FY 
2023-2027
DEPARTMENT/ AGENCY: 
_|“SS¢S8er
DEPT 
FUNDING | FISCAL YEAR | FISCAL YEAR | FISCAL YEAR | FISCAL YEAR | FISCAL YEAR
PRIORITY 
PROJECT NAME 
SOURCE | 
2022-2023 
2023-2024 
2024-2025 
2025-21026 
2026-2027 
TOTAL
1 
[Revaluation 
3 
75,000 
75,000 
75,000 
75,000 
75,000 
375,000
0
0
0
0
0
0
0
0
0
0
0
TOTALS 
75,000 
75,000 
75,000 
75,000 
75,000 
375,000
INDEX TO FUNDING SOURCES,
I
On 
Ar 
Bh WW
CURRENT YEAR CAPITAL IMPROVEMENTS
UTILITY BUDGET/SEWER CAPITAL MAINTENANCE FUND
TRANSFER TO CAPITAL & NONRECURRING.
SHORT AND LONG TERM DEBT FINANCING
LoCIP
CNR UNDESIGNATED FUND BALANCE
FEDERAL/STATE GRANTS
OTHER FUNDING

TOWN OF WATERFORD
CAPITAL PROJECT REQUEST FORM
2022-2023 FISCAL YEAR REQUEST
DEPARTMENT/AGENCY 
CONTACT PERSON
ASSESSOR 
Paige Walton
PROJECT NAME 
DEPARTMENT PRIORITY
Revaluation 
1
DESCRIPTION AND JUSTIFICATION (describe the type, purpose & anticipated accomplishments of the project)
State mandated town-wide revaluation of all real property to include the special use property fee appraisal of Dominion Nuclear Power
Plant. Per CGS §12-62 revaluation of real property is required once every five years. The project is undertaken to remain compliant
with Connecticut law and to insuc uniformity in real procrply valuations Ly climinating incquilics thal nay have developed since the
previous revaluation. Funding requested annually for next mandated revaluation - October 2027.
+PROJECT STATUS IF-IN PROGRESS
2022 Revaluation in process - phase II (property inspections) ‘underway with Vision Government Solutions Inc. 10/1/22 values to be
determined and finalized by January 2023. October 2027 Revaluation RFP process anticipated_in Spring 2026.
LIST OTHER PROJECTS WITHIN. YOUR DEPARTMENT OR ANOTHER DEPARTMENT THAT WILL BE IMPACTED
{BY THIS REQUEST
N/A
DESCRIBE THE IMPACT ON DEPARTMENT OPERATING BUDGET (include cost-estimate if applicable)
N/A
GRANT FUNDING/OTHER FUNDING, if applicable (detailed explanation of grant/other funding, including the amount,
source of funding, status, town match, if'any. Attach award letter if available)
N/A
ATTACH PLAN ESTIMATE, SERVICE AREA MAP AND/OR OTHER SUPPORTING DOCUMENTATION (if none, simply. -
6 |state that in the area below)
N/A
7 
COST/FUNDING SOURCE
APPROVED
FUNDING TO
FUNDING SOURCE 
DATE 
FY2023 
FY2024 
FY2025 
FY2026 
FY2027
1 
{Current Year Capital
2 
|Utility Budget/Sewer Cap Maint Fund
3 
{Transfer to CNR 
535,300 
75,000 
75,000 
75,000 
75,000 
75,000
4 
|Short/Long-term Bonds
5 
|LoCIP (detail in section 5 above)
6 
|CNR Undesignated Fund Balance
7
Federal/State Grants (detail in section 5)
Other Funding (detail in section 5 above)
TOTALS 
535,300 
75,000 
75,000 
75,000 
75,000 
75,000