Program

The Notes are issued pursuant to the Connecticut General Statutes, the Town Charter and various resolutions adopted by the Board of Directors. The notes pay for the costs associated with the Town’s Water Quality Improvement Program and Sewer System Improvement Program.

Water projects include the replacement or rehabilitation of undersized or deteriorated water mains and other necessary improvements to the Town’s water distribution system. The Notes may also be expended for the alterations, repairs and improvements to equipment, materials, construction, site work, plan preparation, design work, engineering services, architectural services and other administrative costs related to the projects.

Sewer projects are based on the prioritization plan set forth in the Town’s Sanitary Sewer Evaluation Study. Funds are used to repair or replace defective sanitary sewers and other improvements to the sanitary sewer system.