Town of Hamilton
The following were among actions taken at the June 11 meeting of the Hamilton Town Council. For more information, call 338-2811.
BUDGET -- The Town Council adopted a $337,000 budget for fiscal 1991, a 7.7 percent increase over this year's budget.
The budget calls for the town's tax rates to remain at 14 cents per $100 of assessed value for real estate and $1.10 per $100 of assessed value for personal property.
But because real estate assesssments in Hamilton have risen by an average of 20 percent in the past year, most tax bills will be slightly higher. For example, a resident with a home assessed last year at $200,000, which had risen 20 percent in value to $240,000, would pay $56 more in real estate taxes this fall.
The town divides its budget into three funds: a general fund, a water fund and a sewer fund. The $110,000 general fund is a 10 percent increase over this year's allocation. It contains no new programs, but provides for an 8 percent raise for the town's three full-time employees and includes an increase in fees for trash collection, which will cost the town almost $3,000 more in the next fiscal year.
The water fund of $126,500 is 8.7 percent high than this year's fund, and the sewer fund of $100,300 represents a 4.5 percent increase over this year's allocation. The increases will cover higher utility costs and the cost of providing services to additional households.
PLANT EXPANSION -- The council opened for bid the planned expansion of its wastewater treatment plant, a project estimated to cost about $650,000.
The plant, located at the corner of Rogers Street and Virginia Avenue, will be doubled from 80,000 to 160,000 gallons per day to accommodate recent and future growth. The town will accept bids for 30 days and is expected to make a decision about 90 days after all bids are in.
The town plans to finance the plant expansion in three ways. It has applied for a $300,000 loan from the Virginia Revolving Loan Fund, a state agency that provides low-interest loans to municipalities. It has also applied for a $200,000 loan from Loudoun County. And it has received a $164,300 pledge from the developers of Carriage Ridge, a new subdivision that will be served by the plant expansion.
The town will pay back the loans with tap fees as it receives them.