By Meredith McCulloch
The Loomis Street Development firm requested September 8, 2014 that the Selectmen allow deferment of sewer betterment charges for their 54 Loomis Street project. They described it as an unanticipated expense that totals $100,000. In a letter to Town Manager Richard Reed, their counsel Mark Vaughan wrote, “While my client has anticipated and budgeted for the impact fees, the betterment fees were overlooked.” They went on to say that their funding has all been secured, but it did not include this unanticipated cost. It must be paid prior to issuing a building permit. Once the permit is secured, the project is expected to break ground in a few weeks and to be completed in seven months.
As the sewer will not be in use until the units are occupied, the Selectmen voted to approve the request for postponement of the fee. The developer would be required to pay the sewer betterment fee before any of the nineteen residential units are granted an occupancy permit.