Subject to approval by voters on November 8, 2011, incorporates the town of Leicester. The town is to be governed by a four-member town council and a mayor. Requires the election of the initial town council to take place at the same time as the election on whether to incorporate the town. Provides for the election of town council members, mayor, and mayor pro tempore. Provides for town administration. Provides for taxes, budget ordinances, and other ordinances. Includes special provisions regarding fire protection, safety protection, provisions of services and administration of functions, conflicts of interest, state distributions of funds, and expenses.