THE
RECORD
SPECIAL TOWN MEETING -
TOWN OF
The voters of the Town of
ARTICLE 1 – ELECTION OF MODERATOR –To
choose a Moderator to preside at said meeting. The Town Clerk opened the floor for the
election of Moderator. It was moved and duly
seconded that Chad Smith be nominated as Moderator. There being no other nominations, it was duly
moved and seconded that nominations cease.
Motion passed. Ballots were cast
for Moderator and Chad Smith received four votes, a unanimous vote, and was
declared elected. He was sworn in by the
Town Clerk.
The moderator noted that the Warrant and the Public Notice of the Warrant showed the decimal off in Article 2 of the first paragraph, however, it was correct and spelled out in the remaining paragraphs. It was clear the amount requested and voted on was $2,330,000.00 (Two Million Three hundred Thirty Thousand dollars and no/100).
Helen
Caivano, Chairman of the Bar Harbor School Committee,
and duly seconded by Bill Dohmen, Chairman of the
ARTICLE 2 –CONNERS-
(1) An
appropriation of funds is hereby approved in the amount of $2,330,000.00 to
provide for the costs of a School Improvement Project consisting of renovations
and improvements to the Conners-Emerson School
Buildings, including replacement of and renovations to the heating and
ventilation systems and conversion from steam to hot water heating systems; and
(2) To
finance the project, the Treasurer and Chairman of the Town Council, acting
pursuant to the provisions of 30-A M.R.S.A. §5772, are hereby authorized to
issue, at one time or from time to time, general obligation securities of the
Town of Bar Harbor (including temporary notes in anticipation of the sale
thereof) in an aggregate principal amount not to exceed Two Million Three
Hundred Thirty Thousand Dollars ($2,330,000.00); and
(3) Discretion
is delegated to the Treasurer and Chairman of the Town Council to fix the
date(s), maturity(ies), interest rate(s),
denomination(s), callable features, place(s) of payment, form and other details
of said securities, including execution and delivery of said securities on
behalf of the Town of Bar Harbor, and to provide for the sale thereof.
FINANCIAL STATEMENT
1.
a. Bonds outstanding and unpaid (
b. Bonds authorized and unissued $ 250,000
c. Bonds to be issued if this article is
approved $ 2,330,000
2. Costs
At an estimated maximum interest rate of 5.0% for a twenty
(20) year maturity, the estimated costs for this bond issue will be:
Principal
2,330,000
Interest 1,409,305
Total
Debt Service 3,739,305
3. Validity
The validity of the bonds and the
voters' ratification of the bonds may not be affected by any error in the above
estimates. If the actual amount of the
total debt service for the bond issues varies from the estimates, the
ratification by the voters is nevertheless conclusive and the validity of the
bond issue is not affected by reason of the variance.
_____/s/_______________________
Treasurer,
Town of
Each
member of the School Committee gave an overview of their decision and
recommendation. Bill Dohmen,
Warrant Committee Chairman, spoke of the Warrant Committee’s reasoning and
recommendation. Following an end to the brief
comments from the public, the moderator restated the motion and called for a
voice vote. The motion carried
overwhelming, with only a few nay voices.
VOTED: That the Town appropriate up to $2,330,000 to provide for the costs of replacement of
and renovation to the heating ventilation systems of the
Ken Smith, and duly seconded,
moved to adjourn the meeting at
Attested:
Patricia A. Gray, Town Clerk of