Agenda Text
title
Requesting the establishment of an Infiltration/Inflow Stabilization Fund.
body
Official Text
To the Honorable Board:
I hereby request, subject to the approval of your Honorable Board, the establishment of an Infiltration/ Inflow Stabilization Fund, in order to comply with new regulatory requirements of 314 CMR 12.00 regarding 4:1 offsets for new sewer connections. The Infiltration/ Inflow Stabilization Fund is a capital reserve account. The purpose of the fund is to finance only infrastructure capital projects which reduce infiltration/inflow within the system. Revenue to the fund will consist of remediation/mitigation funds received from developments adding over 2,000 gpd of sanitary sewage to the system.
Respectfully,
Joseph A. Curtatone
Mayor