Special Town Meeting - December 9, 2024
There will be a Special Town Meeting on Monday, December 9 at 6 p.m. on the bottom level of the Town Office. The Town’s second ambulance is in disrepair and no longer can receive an inspection sticker. Approval of this ballot question would authorize the purchase of a new ambulance. The $125,000 that would come from the General Fund was previously approved at Town Meeting for the purchase of property for an emergency services building, but that purchase is no longer planned. Passage of this ballot question would allow the Select Board to instead use that $125,000 for the purchase of the ambulance.
The question reads:
Shall the Town vote to (1) authorize the appropriation of a sum not to exceed Four Hundred Thousand Dollars ($400,000) for the acquisition of an ambulance and (2) authorize the funding of this appropriation as follows: (a) One Hundred Twenty Five Thousand Dollars ($125,000) from the Ambulance Replacement Reserve, (b) up to One Hundred Forty Thousand Dollars ($140,000) from the General Fund, (C) Thirty Three, Five Hundred and Eighty Five Dollars and Forty Seven Cents ($33,585.47) from ARPA Funds, and (D) authorize the Treasurer and Selectboard to fund the remaining amount of up to One Hundred Twenty Five Thousand Dollars ($125,000) by issuing general obligation securities in the name of the Town on such terms as the Treasurer of the Town and the Selectboard determines are necessary and proper pursuant to 30-A M.R.S.A. § 5772 and other applicable Maine law, including fixing the date(s), maturity(ies), denomination(s), interest rate(s), place(s) of payment, premium(s), call(s), for redemption with or without premium, form(s) and other details of said bonds and notes, and to provide for the sale thereof?
Financial Statement Relating to the question:
1. Total Town Indebtedness:
a. Bonds outstanding and unpaid: $0.00
b. Bonds authorized and unissued: $0.00
c. Bonds to be issued if this question is approved 1
Total: $0.00
2. Estimated Costs:
At an estimated maximum interest rate of 2.85919% and with an estimated maximum term of ten (10) years, the estimated cost of this bond issue will be:
Total Bond Principal: $ Up to 125,000
Total Estimated Interest: $ Up to $27,579.69
Total Estimated Debt Service: $ Up to $152,579.69
Estimated Annual Payments: Ranges from $4,124.68 to $14,848.31.
3. Validity: The validity of the bonds and of the voters’ ratification of the bonds may not be affected by any errors in the above estimates. If the actual amount of the total debt service for the bond issue varies from the estimate, the ratification by the electors is nevertheless conclusive and the validity of the bond issue is not affected by reason of the variance.
If you have questions, email manager@stocktonsprings.org.
The question reads:
Shall the Town vote to (1) authorize the appropriation of a sum not to exceed Four Hundred Thousand Dollars ($400,000) for the acquisition of an ambulance and (2) authorize the funding of this appropriation as follows: (a) One Hundred Twenty Five Thousand Dollars ($125,000) from the Ambulance Replacement Reserve, (b) up to One Hundred Forty Thousand Dollars ($140,000) from the General Fund, (C) Thirty Three, Five Hundred and Eighty Five Dollars and Forty Seven Cents ($33,585.47) from ARPA Funds, and (D) authorize the Treasurer and Selectboard to fund the remaining amount of up to One Hundred Twenty Five Thousand Dollars ($125,000) by issuing general obligation securities in the name of the Town on such terms as the Treasurer of the Town and the Selectboard determines are necessary and proper pursuant to 30-A M.R.S.A. § 5772 and other applicable Maine law, including fixing the date(s), maturity(ies), denomination(s), interest rate(s), place(s) of payment, premium(s), call(s), for redemption with or without premium, form(s) and other details of said bonds and notes, and to provide for the sale thereof?
Financial Statement Relating to the question:
1. Total Town Indebtedness:
a. Bonds outstanding and unpaid: $0.00
b. Bonds authorized and unissued: $0.00
c. Bonds to be issued if this question is approved 1
Total: $0.00
2. Estimated Costs:
At an estimated maximum interest rate of 2.85919% and with an estimated maximum term of ten (10) years, the estimated cost of this bond issue will be:
Total Bond Principal: $ Up to 125,000
Total Estimated Interest: $ Up to $27,579.69
Total Estimated Debt Service: $ Up to $152,579.69
Estimated Annual Payments: Ranges from $4,124.68 to $14,848.31.
3. Validity: The validity of the bonds and of the voters’ ratification of the bonds may not be affected by any errors in the above estimates. If the actual amount of the total debt service for the bond issue varies from the estimate, the ratification by the electors is nevertheless conclusive and the validity of the bond issue is not affected by reason of the variance.
If you have questions, email manager@stocktonsprings.org.