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Lamoine Special Town Meeting Minutes

January 23, 2007

Deputy Town Clerk Stuart Marckoon called the meeting to order at 10:00 AM at the Lamoine Town Hall .

Article 1. To elect a Moderator.

Harvey Kelley was nominated and 2nd as moderator. There were no other nominations. Mr. Kelley was elected by written ballot 9-0. Mr. Marckoon administered the oath of office to Mr. Kelley.

Mr. Kelley opened the meeting to referendum balloting to continue until 8:00 PM on the following questions:

Article 2: Shall the Town of Lamoine authorize the Board of Selectmen to issue bonds and other evidences of indebtedness in the name of this Town in an amount not to exceed $652,300, which bonds may be made callable with or without premium, through the State of Maine's zero interest rate/loan forgiveness Revolving Renovation Fund Program to pay costs to renovate and repair Lamoine Consolidated School, including the roof and the HVAC, electrical and plumbing systems?

A. State Grant Funding . The State of Maine will provide a direct grant by forgiving 30% (up to $195,690) of the principal payments on the project loans.

B. Interest Free Loans . The Town will be obligated to repay 70% (up to $456,610) of the total loan amount over a 10 year term. The State of Maine has agreed to lend these funds and to permit repayment at zero interest over a term of 10 years.

Article 3: Shall the Town of Lamoine authorize the Board of Selectmen to issue bonds or notes in the name of this Town in an amount not to exceed $2,940,000, which bonds or notes may be made callable with or without premium, to pay costs to construct and equip an addition and renovations to the Lamoine Consolidated School?

The polls closed at 8:00 PM. The following results were reported by Moderator Kelley:

Article 2 - Yes 582 No 185 Article 3 - Yes 348 No 420

Article 2 was declared passed. Article 3 was declared defeated.

Respectfully submitted,

Stuart Marckoon, Deputy Town Clerk