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Tuesday, September 11, 2018

LISBON PUBLIC HEARING NOTICE

Public Hearing Notice - Bond Order MDOT Project - Route 125 from Route 196 to Huston St for $430,000

to be held on October 16 at 7:00 PM

The Municipal Officers of the Town of Lisbon have considered and approved in concept appropriating an amount not to exceed $430,000 to finance Lisbon’s 10% share of the cost of reconstructing State Route 125 from State Route 196 to Huston Street (the “Project”), and have determined that the most efficient way to finance that appropriation would be through the issuance of one or more bonds or notes of the Town in an amount not to exceed $430,000, and the acceptance of federal and state funding in an amount not to exceed $4,300,000 for the remaining portion.
Pursuant to the Charter of the Town of Lisbon (the “Charter”), approval of the financing of this Project requires that a public hearing be conducted prior to the enactment of an ordinance calling for a  referendum.  Therefore, pursuant to the authority conferred by Section 8.21(b), and the requirements of Sections 6.09 and 8.11(b)(2) of the Charter, a public hearing shall be held on Tuesday, October 16 at 7:00 p.m. o’clock at the Town Office, 300 Lisbon Street, for the purpose of hearing public comment on the Ordinance providing for the issuance of such notes and bonds in an amount not to exceed $430,000 and securing the financing described above, intended to raise a total amount not to exceed $4,300,000 for the Project.
Copies of the proposed text may be viewed or obtained at the Town Clerk’s office, 300 Lisbon Street, Lisbon, or online at www.lisbonme.org.  The public is invited to attend.
SUBMITTED BY:  TOWN OF LISBON
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