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This document outlines the commitment between the Connecticut Interlocal Risk Management Agency (CIRMA) and the Town of Wilton, including the terms of the Budget Stabilization Program for Liability-Automobile-Property, effective from July 1, 2023 to June 30, 2026. It details the benefits for the Town, commitments from CIRMA, and requirements of the Town to participate in the program.
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A letter of commitment is a formal document that outlines a party's intention to undertake specific actions or provide resources in support of a project or agreement.
Typically, organizations or individuals seeking funding, partnerships, or formal agreements may be required to file a letter of commitment.
To fill out a letter of commitment, include the purpose of the commitment, details about the committing party, the specific actions or resources being committed, and any relevant timelines or conditions.
The purpose of a letter of commitment is to provide assurance to stakeholders that a party is dedicated to fulfilling obligations or contributing resources towards a project or goal.
Information typically reported on a letter of commitment includes the names and roles of parties involved, a description of the commitment, relevant dates, and any conditions or terms associated with the commitment.
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Budget Stabilization Program CIRMA Town of Wilton risk management Liability Automobile Property insurance premiums multi-year coverage municipal financial planning risk management plan community goodwill

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