LIVERMORE FALLS — A special town meeting for residents will take place at 6:30 p.m. Tuesday, Oct. 18, at the Town Office on whether to finance construction of a fire station.

The article asks if voters will authorize issuing up to $1.5 million in general obligation bonds or notes to pay for constructing and equipping a fire station at 29 Park St.

The total estimated debt service is $2.20 million at an estimated interest rate of 2.75 percent over 30 years. It means the town would pay $704,502 in interest.

The town’s bonds now outstanding and unpaid total nearly $1.6 million and the interest on those bonds is $232,873.

At a special town meeting June 21, residents approved up to $1.5 million to demolish the fire station and build one on the same site on Park Street. Shortly before the meeting, the town received a quote from Lincoln/Haney Engineering Associates Inc. of Brunswick for $456,661 to make repairs to structural deficiencies in the station.

Selectman Ron Chadwick said the quoted price would fix roof leaks, reinforce the back wall, replace the boiler, fix the floor, and install new insulation. It would allow the Fire Department to get back in as quickly as possible, he said.

Architect George Parker, who provided drawings of the building, said the amount would not allow for ADA-compliant bathrooms or installation of an exhaust ventilation system for trucks. A motion to cap the article at $500,000 failed, and residents voted 39-32 to approve the $1.5 million.

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