Measure on the ballot in the 2025 Maine General Election in Old Orchard Beach Town.
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Get Started1. Total Town Indebtedness Bonds outstanding and unpaid: $29,022,175.96 Bonds authorized and unissued: $9,800,000 Bonds to be issued if this Question is approved: $1,200,000 Total: $40,022,175.96 2. Estimated Costs of Bonds At an estimated interest rate of 3.75 percent (3.75%), for a 10-year term, the estimated costs of this bond issue will be: Principal: $1,200,000 Interest: $266,780.47 Total Principal & Interest to be Paid at Maturity: $1,466,780.47 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 Estimated Costs of Bonds. 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.
Shall Order # 2025-3 entitled, "Order to Authorize the Town of Old Orchard Beach to Issue General Obligation Bonds in the Principal Amount Not to Exceed $1,200,000 to Acquire a New Sutphen Fire Truck" be adopted?
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