The Eastman Free Press
Providing owners with the information they need to make informed decisions.

Sunday, October 27, 2013

An Intervenor's Reasons

As a resident of Grantham NH, a US citizen and member of the Village District of Eastman (VDE) I filed as an intervenor in the proposed action of the VDE to acquire the Eastman Sewer Company (ESC). My primary reasons for filing as an intervenor are:
  1. Beginning in February 2013 I submitted a written request to the VDE commissioners for a proper buyers’ Due Diligence which would include a thorough and open independent financial evaluation including an income and expense review of the sewer company's current financial capital and operational health performed by an independent accounting firm with concurrence on the selected firm by the Coalition of Sewer Users.
  2. An independent and respected engineering firm’s comprehensive assessment of all existing ESC capital, all known future state and federal requirements that could necessitate additional capital funding for the next five years with concurrence on the selected firm by the coalition of Sewer Users.
  3. The vast majority of the sewer system capital infrastructure is more than 40 years old and past its useful life.  An independent five-year forward capital plan (2014-2018) is needed, developed with an equal partnership on the part of the coalition of Sewer Users.
The list of exhibits I submitted and the inadequate VDE commissioners’ response is detailed as part of my submission to the PUC. I repeated my requests several times in February, March, April and May. It concludes with a denial of my request on June 9, 2013. (See at http://goo.gl/81OEf9).


It is my perspective that the actions of the VDE commissioners and the VDE general manager are more consistent with what one would expect of a seller’s agent. As a member of the buyer’s group VDE, I want my elected officials to represent my buyer’s interest just as almost all homebuyers expect the home inspector they hire to represent their interest as does every individual who hires a CPA  or a financial advisor expect them to represent their individual interests.

Submitted by Robert Logan

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