Waldoboro accepts YMCA lease agreement, fund appropriations, reducing tax rate
Waldoboro — Waldoboro voters approved all warrant articles at a Sept. 11 special town meeting, including authorizing a lease/transfer agreement with the YMCA and appropriating funds to departments that failed passage at the June town meeting.
Voters approved a lease/transfer of ownership agreement with the Central Lincoln County YMCA to redevelop the former A.D. Gray school into a recreational facility 442-128. With this article, voters also approved using funds from the Anne Gay Bailey trust to potentially fund the project, said Town Manager John Spear.
The last bank statement — from the end of July — indicated the trust had a balance of $335,000, which fluctuates depending on the investments made by the trustee, Key Bank. If the town was to use the available funds from the trust, the resource would be depleted entirely, said Spear.
The I. Stan Bailey trust must perpetually maintain a balance of $1.5 million. Therefore, only the interest accrued by the trust may be used by the town. Organizations such as the library and historical society benefit from the interest generated by the balance. Spear said the YMCA project would not benefit at this time from the I. Stan Bailey trust.
Article 3, to amend the estimated revenues account be applied to reduce the 2013 tax rate by increasing the revenue amount of EMS charges for service by $40,000, was approved 365-190. Article 4, to appropriate $25,000 from the undesignated fund balance to reduce the 2013 tax rate was also approved.
Residents approved $1,249 to appropriate to the A.D.Gray building which failed passage in June. The original amount was set at $13,351.
Additional articles that failed at the polls in June, but were accepted Sept. 11, included appropriating $246,914 for the Finance and Customer Service Department and to override the property tax levy limit by $39,556. The original tax levy override that failed in June totaled $127,000. Increasing the limit passed 290 to 261, with 21 ballots left blank.
Article 8, to authorize town and select board to expend an amount not to exceed 6/12 of the previous year's appropriation in the event a municipal budget failed to pass was also approved.
The Waldoboro select board will hold a special meeting Wednesday, Sept. 12 to set the mil rate and sign the lease/transfer agreement for the YMCA.
Courier Publications reporter Juliette Laaka can be reached at 594-4401 ext. 118 or via email at JLaaka@courierpublicationsllc.com.