Announcements
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Real Estate Taxes are due on May 1, 2024
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Town of Hartford, Maine
Notice of Public Hearing
May 2, 2024
6pm
Hartford Town Hall
1190 Main Street, Hartford, Maine
Topic: Proposed Road Bond Annual Town Meeting Warrant Article
Shall the Town of Hartford (1) approve a capital project consisting of road improvements, including transaction costs and other expenses reasonably related thereto; (2) appropriate the sum of $1,300,000 to fund the project; (3) authorize the Town Treasurer and the Chair of the Select Board to issue general obligation securities of the Town (including temporary notes in anticipation of the sale thereof) in an aggregate principal amount not to exceed $1,300,000 to fund the appropriation; and (4) delegate to the Treasurer and the Chair of the Select Board the authority and discretion to fix the dates, maturities, interest rates, denominations, calls for redemption (with or without premium), form, and other details of said securities, including authority to execute and deliver the securities on behalf of the Town?
FINANCIAL STATEMENT
1. TOTAL BOND INDEBTEDNESS
a. Bonds outstanding and unpaid: $1,187,739
b. Bonds authorized and unissued (other than this loan): $ -0-
c. Maximum amount to be issued if approved: $1,300,000
2. COSTS
At an estimated maximum interest rate of 4.0% for a ten (10) year maturity, the estimated cost of this bond will be:
Principal $1,300,000
Interest $ 280,000
Total: $1,580,000
3.VALIDITY
The validity of the bonds and the voter's ratification of the bonds may not be affected by any error in the above estimates. If the actual amount of the total debt service varies from the estimates, the ratification by the voters nevertheless conclusive, and the validity of the bond issue is not affected by reason of the variance.
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Town Treasurer
Proposed Paving Estimates
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