Shall the Town of Hampton vote to raise and appropriate the sum of $85,000 for the geotechnical investigation and preliminary design for the reconstruction and/or replacement of the seawall located at Bi-Centennial Park and temporary repairs during the preliminary design phase. This shall be a non-lapsing appropriation per RSA 32:7, VI and shall not lapse until this project is completed or by March 31, 2021, whichever is sooner? (Majority vote required)
What it means: Due to the weather in the early part of 2015, a section of the BiCentennial Wall is missing. The funding is for temporary repairs and a study to determine preliminary designs and accurate estimates for a more permanent resolution.
Here is the breakout of costs, as provided at Deliberative Session:
|• Survey and Geotechnical Investigation:||$ 15,000|
|• Preliminary Design and Cost Estimates:||$ 45,000|
|• Temporary Repair/ Contingency:||$ 25,000|
Those in favor say: Repairing the wall will help to reduce flood insurance for Hampton homeowners. Huge flood insurance premiums are reducing property values, thus reducing the tax base.
Those against say: No one spoke against this Article at Deliberative Session.
Fiscal Impact: The average Hampton home valued at $329,000 would bear an increased tax cost of $9.87 if this Article passes. Approval of this Article will impact 2016 taxes only.