Representative Town Meeting (RTM) - 1276 (05/13/2026)

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TOWN OF WATERFORD
CAPITAL PROJECT REQUEST FORM
2027-2031 FISCAL YEAR REQUEST
DEPARTMENT/AGENCY 
CONTACT PERSON
Assessor 
PAIGE WALTON
PROJECT NAME 
DEPARTMENT PRIORITY
REVALUATION 
1
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 Section 7 of Public Act 22-74, a new five-year revaluation schedule has been instituted state-
wide. The project is undertaken to remain compliant with Connecticut law and to insure uniformity in real property
valuations. Funding requested annually for Waterford's next three mandated revaluations scheduled for October 2026,
2030 & 2034,
2 |PROJECT STATUS IF IN PROGRESS
Contract for 2026 revaluation has been awarded to Vision Government Solutions Inc. Project to commence in March
2026.
LIST OTHER PROJECTS WITHIN YOUR DEPARTMENT OR ANOTHER DEPARTMENT THAT WILL BE IMPACTED BY THIS
3 [REQUEST
N/A
4 |DESCRIBE THE IMPACT ON DEPARTMENT OPERATING BUDGET (include cost estimate if applicable)
Cost to complete 2026 Revaluation per contract is $210,000. Contract cost does not include appraisal fee for Dominion
Nuclear Power Plant
GRANT FUNDING/OTHER FUNDING, if applicable (detailed explanation of grant/other funding, including the amount,
5 |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 state that
6 
|in the area below)
Contract on file (Purchasing Dept & Assessor's office)
7 
COST/FUNDING SOURCE
APPROVED
FUNDING TO
FUNDING SOURCE 
DATE 
FY2027 
FY2028 
FY2029 
FY2030 
FY2031
1 {Current Year Capital
2 
|Utility Budget/Sewer Cap Maint Fund
3 {Transfer to CNR 
100,000) 
100,000 
100,000 
100,000 
100,000,
4 |Short/Long-term Bonds
5 
|LoCIP (detail in section 5 above)
6 {CNR Undesignated Fund Balance
Federal/State Grants (detail in section
7 
|5)
Other Funding (detail in section 5
8 |above)
TOTALS 
0 
100,000 
100,000 
100,000 
100,000 
100,000