Resolve, Authorizing the City of Gardiner To Refinance Certain Temporary Bond Anticipation Notes Issued for Its Wastewater Project
Maine Legislature, Session 122, LD 0126
Committee: State and Local Government
Sponsors: HANLEY, COWGER, RINES

Legislative Document 
No. 126 
H.P.I02 
House of Representatives, January 11,2005 
Resolve, Authorizing the City of Gardiner To Refinance Certain 
Temporary Bond Anticipation Notes Issued for Its Wastewater 
Project 
(EMERGENCY) 
Reference to the Committee on State and Local Government suggested and ordered printed. 
Presented by Representative HANLEY of Gardiner. 
Cosponsored by Senator COWGER of Kennebec and 
17l~ 
/J7·llldC~ 
MILLICENT M. MacFARLAND 
Clerk 
Representati ves: McCORMICK of West Gardiner, RINES of Wiscasset. 
Printed on recycled paper 
Emergency preamble. 
Whereas, acts 
Legislature 
do 
not 
become 
effective 
adjournment unless enacted as emergencies; 
and 
resolves 
of 
the 
until 
days 
after 
and 
Whereas, the City of Gardiner has authorized the issuance of 
general obligation securities in a principal amount not to exceed 
$1,507,000 for the purpose of providing financing for a portion 
of 
the public 
improvements 
to 
the city's wastewater 
system, 
including the addition of 
a 
wet weather storage 
and primary 
treatment tank and upgrade of the Maine Avenue pump station to 
improve 
combined sewer overflow capability, 
the CSO 
Abatement 
Project, 
and has issued its temporary general obligation bond 
anticipation notes to finance the CSO 
Abatement Project, 
such 
debt being originally issued in August 2002; and 
Whereas, the Department of Environmental Protection and the 
project engineer recommended that the construction of the CSO 
Abatement Project and the subsequent wastewater treatment plant 
upgrade project be put out to bid together to save construction 
costs, which will cause the CSO Abatement Project's temporary 
financing to extend beyond the time originally contemplated and 
delay the closing of the long-term financing with the United 
States of America; and 
Whereas, the Maine Revised Statutes, Title 
30-11., 
section 
5772 
states that the 
period of 
anticipatory borrowing 
by 
a 
municipality may not exceed 3 years; and 
Whereas, it 
the period of 
years; and 
is 
its 
necessary for the City of Gardiner to extend 
anticipatory borrowing for 
an additional 
Whereas, in the judgment of the Legislature, these facts 
create an emergency wi thin the meaning of the Constitution of 
Maine 
and 
require 
the 
following 
legislation 
as 
immediately 
necessary for the preservation of the public peace, health and 
safety; now, therefore, be it 
Sec. 1. Authority to issue and sell temporary notes. Resolved: 
That, 
notwithstanding the Maille 
Revised Statutes, Title 30-11., 
section 5772 or any other provision of law, the City of Gardiner 
may 
issue 
and 
sell 
its 
temporary 
general 
obligation 
bond 
anticipation notes in a principal amount not to exceed $1,507,000 
for an additional 2 years for the purpose of refinancing certain 
outstanding temporary notes originally issued in August 2002 and 
to finance additional costs of the wastewater project for the 
Ci ty of Gardiner. 
The 3 -year 
imi tation regarding temporary 
C>l-
4l:l 
anticipatory borrowing contained ill section 5772 is ext o llclec1 tc' 
l, 
Page l-LR0946 (1) 
years for the City of Gardiner wastewater project for notes that 
may be issued in the principal amount of $1,507,000 as authorized 
by the City Council of the City of Gardiner. 
Emergency clause. 
In view of the emergency cited in the 
preamble, this resolve takes effect when approved. 
SUMMARY 
This resolve allows the City of Gardiner to issue and sell 
its temporary general obligation bond anticipation notes in a 
pr incipal amount not to exceed $1,507,000 for an additional 2 
years 
for 
the 
purpose 
of 
refinancing 
certain 
outstanding 
temporary notes originally issued in August 2002 and to finance 
additional 
costs 
of 
the 
wastewater project 
for 
the 
City of 
Gardiner.