2005-11-10 / News

New water tower, property revaluation bids are opened

Bids for the new water storage tower on Howland Avenue and for the next revaluation were opened last week. Contracts are expected to be awarded by the Town Council at its next meeting Monday, Nov. 14.

Bids for the one-million-gallon tower were: Fisher Tank Company of Chester, Pa., $1,169,220; Caldwell Tank of Louisville, Ky., $1,285,200; and CBI (Chicago Bridge and Iron), $1,339,600.

When plans for the new tower were first announced about two years ago, the estimated cost was $1.1 million and has not been updated. Funds were approved by voters within a $5.3 million bond for several water department projects, including a new water treatment plant which still is undergoing design and permitting work, and the installation of about 7,000 feet of new water mains in the village.

Last month, at a public hearing several residents challenged the need for the new water tower, which will be a twin to the existing one, because of other water system improvements that they thought offset the need for the tower.

Property revaluation

Bids for the property revaluation to be done in 2006 were: Vision Appraisal Technology of Northborough, Mass., $66,800 plus $30 to update files; and Appraisal Resources of East Greenwich, $67,500 plus $17 for file updates. Appraisal Resources did the last full property revaluation for the town in 2003.

The updates involve those parcels for which building permits were issued, expected to be about 340. The next assessment, and another in 2009, will be based only on statistics. They will involve a review of property sales and neighborhood trends There will be inspections only of those properties for which building permits, mainly for additions, were recently issued.

Town Tax Assessor Kenneth Gray said that state law requires a complete property appraisal every nine years, with two statistical revaluations in between, at the thirdand sixth-year marks.

The state will provide 80 percent reimbursement for appraisal costs for the 2006 undertaking, he said. Sixty percent of costs will be picked up by the state in 2009 and and it will pay 40 percent for the next full revaluation in 2012, Gray noted.

The town budget includes a capital expense account with a current balance of $30,000 for the revaluations, according to Gray. He said the town needs to accumulate about $200,000 for the next full revaluation.

The statistical review will be subject to the same appeal process that is triggered by a full appraisal. Any assessment changes will go into effect in the fiscal year that begins July 1, 2007.

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