***Notice*** Special Town Meeting and Bond Referendum Election

WARRANT SPECIAL TOWN MEETING WARRANT SPECIAL TOWN MEETING AND BOND REFERENDUM ELECTION April 21, 2009 TOWN OF LISBON Androscoggin County, ss. State of Maine TO: David Brooks, Constable of the Town of Lisbon: You are hereby required in the name of the State of Maine to notify the voters of the Town of Lisbon of the Special Town Meeting and Bond Referendum Election described in this warrant. TO THE VOTERS OF THE TOWN OF LISBON: You are hereby notified that a Special Town Meeting will be commenced at the Lisbon Town Office, 300 Lisbon Street, Lisbon, Maine where a moderator will be chosen. The Bond Referendum Election will be held by secret ballot at two polling places, the Lisbon Town Office for balloting by residents of Ward 1and the MTM Community Center, 18 School Street, Lisbon, Maine for balloting by residents of Ward 2 on Tuesday, April 21, 2009 for the purpose of determining the following questions. The Special Town Meeting will commence at the Lisbon Town Office, 300 Lisbon Street, Lisbon, at 11:00 AM for the purpose of choosing a moderator, followed immediately by balloting on the Bond Referendum Election questions at both polling places. Voters may but need not participate in the choice of a moderator before casting ballots in the Bond Referendum Election. The Bond Referendum Election will be held in accordance with and include details set out in two Orders adopted by the Lisbon Town Council March 3, 2009, copies of which are on file with and may be reviewed at the office of the Lisbon Town Clerk. Article 1: To choose a moderator to preside over the Special Town Meeting. BOND REFERENDUM ELECTION The aggregate total of the bond referendum election questions shall not exceed $2,500,000. Bond Referendum – Question One ORDER AUTHORIZING TOWN OF LISBON TO ISSUE UP TO $394,000 IN BONDS AND NOTES FOR MATCHING FUNDS FOR THE UPLAND ROAD DOT PROJECT IN ACCORDANCE WITH THE ORDER ADOPTED BY THE LISBON TOWN COUNCIL MARCH 3, 2009. QUESTION: SHALL THE ORDER DESCRIBED ABOVE BE ADOPTED? Town Council recommends: YES Budget Advisory Board recommends: YES See Financial Statement below. Bond Referendum – Question Two ORDER AUTHORIZING TOWN OF LISBON TO ISSUE UP TO $ 916,855 IN BONDS AND NOTES FOR ROAD IMPROVEMENTS IN ACCORDANCE WITH THE ORDER ADOPTED BY THE LISBON TOWN COUNCIL MARCH 3, 2009. QUESTION: SHALL THE ORDER DESCRIBED ABOVE BE ADOPTED? Town Council recommends: YES Budget Advisory Board recommends: YES See Financial Statement below. Bond Referendum – Question Three ORDER AUTHORIZING TOWN OF LISBON TO ISSUE UP TO $ 369,145 IN BONDS AND NOTES FOR PUBLIC WORKS EQUIPMENT AND OTHER CAPITAL IMPROVEMENTS IN ACCORDANCE WITH THE ORDER ADOPTED BY THE LISBON TOWN COUNCIL MARCH 3, 2009. QUESTION: SHALL THE ORDER DESCRIBED ABOVE BE ADOPTED? Town Council recommends: YES Budget Advisory Board recommends: NO See Financial Statement below. Bond Referendum – Question Four ORDER AUTHORIZING TOWN OF LISBON TO ISSUE UP TO $ 320,000 IN BONDS AND NOTES FOR MATCHING FUNDS FOR CONSTRUCTION AND MAINTENANCE OF ANDROSCOGGIN RIVER TRAILS IN ACCORDANCE WITH THE ORDER ADOPTED BY THE LISBON TOWN COUNCIL MARCH 3, 2009. QUESTION: SHALL THE ORDER DESCRIBED ABOVE BE ADOPTED? Town Council recommends: YES Budget Advisory Board recommends: YES See Financial Statement below. Bond Referendum – Question Five ORDER AUTHORIZING TOWN OF LISBON TO ISSUE UP TO $500,000 IN BONDS TO DEVELOP THE DESIGN OF A GRADE 9–12 SCHOOL CONSTRUCTION PROJECT THAT MUST BE SUBMITTED TO THE VOTERS BEFORE CONSTRUCTION IN ACCORDANCE WITH THE ORDER ADOPTED BY THE LISBON TOWN COUNCIL MARCH 3, 2009. QUESTION: SHALL THE ORDER DESCRIBED ABOVE BE ADOPTED? Town Council Recommends: YES. Budget Advisory Board recommends: YES School Committee recommends: YES See Financial Statement below. Town of Lisbon Financial Statement presented pursuant to 30–A M.R.S.A. 5772 A. Total Town Indebtedness Bonds Outstanding and Unpaid $15,222,273.64 Bonds Authorized and Unissued $0.00 Bonds to be issued if approved B. Terms in Years Interest Rate Range Net Estimated Interest Rate Net Estimated Interest Cost Principal Total: Debt Service Costs Question 1 Upland Road $394,000.00 Ten 4.25%–4.90% 4.72% $111,600.50 $394,000.00 $505,600.50 Question 2 Road Improvements $916,855.00 Ten 4.25%–4.90% 4.72% $259,699.18 $916,855.00 $1,176,554.18 Question 3 Public Works Equip. & Other Capital $369,145.00 Ten 4.25%–4.90% 4.72% $104.560.32 $369,145.00 $473,705.32 Question 4 Trails $320,000.00 Ten 4.25%–4.90% 4.72% $90,640.00 $320,000.00 $410,640.00 Question 5 School $500,000.00 Twenty 4.25%–5.30% 5.08% $279,262.50 $500,000.00 $779,262,50 C. The validity of the bonds and the voters’ ratification of the bonds may not be affected by any errors in the estimate made pursuant to paragraph B. If the actual amount of the total debt service for the bond issues 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. Stephen G. Eldridge, Treasurer Date: 03/17/2009 The Town Clerk shall process absentee ballots at 2:00 p.m., 4:00 p.m., and 7:00 p.m. on Election Day in accordance with M.R.S.A. Title 21A Section 759 (7). The polls shall open at 11:00 a.m. and close at 7:00 p.m. at the MTM Center located at 18 School Street for Ward 2 (Lisbon Falls Residents) and the Lisbon Town Office’s Public Meeting Room, 300 Lisbon Street in Lisbon for Ward 1 (Lisbon Village and Lisbon Center residents). The Registrar of Voters shall hold office on April 16, 17, & 20 from 8:30 a.m. to 4:30 p.m. at the Town Clerk’s Office and at the polling place on Election Day from 11:00 a.m. to 7:00 p.m. at the polling locations. A person who is not registered as a voter may not vote in any election. Given under our hands this 3rd day of March A.D. 2009. Michael Bowie, Chairman Gina Mason Norma Wells Janet Henry Dale Crafts Fernand Larochelle, Jr. Roger Cote ATTEST: Twila Lycette – Town Clerk

Appeared in: Sun Journal on Friday, 03/20/2009