ROWE — The state Department of Revenue has approved the town’s unique plan to self-finance its $860,000 share of costs to build a fiber optic broadband network through town.

Now it’s up to town voters to approve payments as scheduled by the Massachusetts Broadband Institute (MBI). A special town meeting is set for Monday at the Rowe Elementary School at 7 p.m. for an article authorizing the first two out of three payments by Rowe to MBI.

Voters will also be asked to spend $10,000 from its Stabilization Account to pay for temporary repairs to the Transfer Station, where heavy rains a few weekends ago caused a severe land wash-out.

A two-thirds majority vote is needed for approval of the “Last Mile” fiber optic payment plan. The state broadband institute is asking that the town pay 30 percent of its cost, which is $258,000, when it submits its make-ready application. Then the town pays $301,000 (35 percent) of the town’s share of cost when the construction contract is signed. The remaining 35 percent of Rowe’s cost is to be paid within 120 days of the contract signing.

The $559,000 requested at town meeting for Rowe’s first two payments is to come from the town’s Stabilization Account, which has more than enough to cover the cost, according to town officials.

“The town’s contributions will be held in the Project Account to be used as project expenses are incurred,” the warrant says.

After construction has been completed and the network is turned over to the town, a check for cost overruns will be performed. If the project cost more than what the state has provided as its one-third contribution, Rowe will get a final invoice and later the Massachusetts Technology Collaborative, which operates MBI, will process a refund.

For this reason, the last and final payment is not included in this vote.

Selectmen’s Chairwoman Marilyn Wilson has said that spending the town’s own money for the fiber optic build-out will save the town about $675,000 over 17 years by avoiding the costs for a financial adviser, bond counsel, annual audits, debt service and the underwriter’s fee for a municipal bond.

The town of 360 residents is hoping to be among the next group of towns to get started with its broadband build out.