OWLS HEAD, Maine — A town meeting has been scheduled for Monday, April 4, for residents to decide whether they want to spend $305,000 to buy a waterfront parcel.

The meeting will begin at 7 p.m. at the town office. A public hearing also has been scheduled for Monday, March 21, after the 6 p.m. selectmen’s meeting to brief residents on the proposal and to answer questions.

The land totals 1.24 acres with 133 feet of water frontage adjacent to the town parking lot by Owls Head Harbor. The proposed purchase of the land from Elizabeth and Thomas Watkinson is needed so the public can retain access to the deep-water harbor.

The town has had a lease for nearly 50 years for a 3-foot wide easement for foot traffic along a wharf on the harbor where Ship to Shore Lobster Co. is located. But the town was unable to reach an agreement with company owners Rodney and Anna Mason to extend that easement, which ends Dec. 7.

If the town is able to acquire the new land, it plans to install a ramp and floats but not build a wharf, Selectwoman Linda Post said earlier this month. The ramp and floats could be removed in the winter. The town will have to apply to the Maine Department of Environmental Protection to install the equipment.