Proposed Infrastructure & capital projects Debt Service Projections 2017- 2024 Fund Balance Historical & Projected 2008 - 2023

Downtown Project by Component % of Project Estimate SW Fund A Fund 37.07% 62.93% Water System (Domestic/Fire) 24.63% $2,861,883.00 $0.00 Sanitary Sewer System 12.44% $1,445,542.00 Drainage System 19.41% $2,255,182.00 Streetscape/Lighting 21.65% $2,515,180.00 Roadway (Curb to Curb) 21.87% $2,540,470.00 Total Bid 100.00% $11,618,257.00   $4,307,425.00 $7,310,832.00 Field Change Payment 10.00% $1,161,825.70 $430,742.50 $731,083.20 Construction Management $1,000,000.00 $370,746.23 $629,253.77 WSP Total Amount of Project $14,780,082.70 $5,479,659.96 $9,300,422.74

Downtown Project – Proposed Funding SW Fund A Fund Total Estimate $5,479,659.96 $9,300,422.74 Fund Balance Amount to be Financed Debt Service Per Year (assuming 20 year loan) $350,227.50 $594,428.08   Total: $944,655.58 -$1,000,000.00 $8,300,422.74 $530,513.99  Total: $880,741.49

Additional Capital Projects – To be Funded by Bond Issuance Projects Funded by Bond Issuance: Fund Annual Debt Service Reconstruction/Removal Minkel Dam (20 years) - $850,000 A $54,326.98 Highway Vehicles (10 years) - $600,000 D $67,585.24 Fuel Tank Replacement (20 years) - $250,000 $15,978.52 Gedney/Town Hall Playground Replacement (10 years) - $290,000 $32,666.20 IT Upgrade (5 years) - $663,350 All $139,964.15 Basketball Court (20 years) - $200,000 $12,782.82 Alpine Tank (30 years) - $2,250,000 SW $108,141.07 Wallace Auditorium Improvements (10 years) - $150,000 $16,896.31 Estimated Annual Debt Service   - (Not including downtown) $448,341.28

Capital Projects – Removed from Consideration for Bonding Hawkes Ave - $150,000 - Repairs are being completed over time, included in operating budget. Old House Ln - $90,000 - Repairs were completed within operating budget. It is no longer necessary to borrow. Sewer Diversion - $25,000,000 - Changes to the project have elimated local financial liability. Road Paving - $7,000,000 - Over the last several years we have paved b/w $700,000 and $1,100,000 annually within the operating budget. It is anticipated that we will continue this trend which alleviates the need to borrow. Town-wide Water Meter Replacement - $2,500,000 - Meters are being replaced on an ongoing basis. Mass replacement to be deferred. Train Station Improvements/Taxi Stand - $180,000 - Projects can be completed using operating funds or fund balance if necessary.

Proposed Annual Debt Service Total Projected Bond Issuance Project Total Borrowed General - A Highway - D Water - SW Refuse - R From Bond Issuance   Hamlet/Streetscape 20 $13,780,082.00 $8,300,423.00 $0.00 $5,479,659.00 Minkel Dam $850,000.00 Highway Dept Heavy Equipment 10 $600,000.00 Replace Fuel Tanks $250,000.00 Gedney Park Playground $140,000.00 Town Hall Playground $150,000.00 Basketball Court $200,000.00 IT Infrastructure 5 $663,350.00 $497,512.50 $33,167.50 $99,502.50 Alpine Tank 30 $2,250,000.00 Wallace Auditorium $19,033,432.00 $10,287,935.50 $883,167.50 $7,829,161.50 Total Project Annual Debt Service by Fund Total Annual -$880,741.44 -$530,514.01 -$350,227.44 -$54,326.98 -$67,585.24 -$15,978.52 -$15,769.89 -$16,896.31 -$12,782.82 -$139,964.15 -$104,973.11 -$6,998.21 -$20,994.62 -$108,141.07 -$1,329,082.73 -$752,159.43 -$90,561.97 -$479,363.12

Projected Debt Service

Historical Fund Balance by Amount

Historical Fund Balance by Percentage

Projected Fund Balance by Amount

Projected Fund Balance by Percentage