HomeMy WebLinkAbout1998-06-08 98-251 ORDERCOUNCIL ACTION
Date .lane 0. 1998 item No. 98-251
Item/Subject: Establishing Ne Amount of Ne Tax Rate and Overlay for the 1999 Fiscal
Year for the Bangor Center Development District
Responsible Department: Community& Economic Developmerd
coamantary:
TM aftached Council Order establishes an assessmem rate of $0.51, Dm assessment rate
needed to raise the $40,871 requested b fact the Bangor Cerner Management Corporation based
on m estimated total assessed value of District property of $T/,llfi,f100. It also establishes an
overlay rate of $0.02 per $1,000 of valuation for a rural assessment our, of $0.53 per $1,000 of
valuation. This rate is unchanged from FY 98.
t
Department/Mad
Manager I a
Associated Information:( AJa
Budget Approval:
PA"! MF7591 NOW
Finance Director
city Soli ito�r ✓ 1I
I Passage
First Reading
Referral Page / of 2
Assigned be uneilor Aube June 8, 1998
CITY OF BANGOR
(TITLE) (Prbery. ..._lustabhshtng die Amount of the Tax Rare and Overlay for the 1999
Fiscai Year for the Bangor Center Development District
BY w GYty Coandd of the (lily of Resins:
ORDERED,
TBAT all real property in the Bangor Center Development District, subject to taction,
shall be assessed at a rate of W.51 per $1,000 of valuation; and be it further
ORDERED, THAT an overlay in me amount of $O.nz per $1,000 is hereby assessed upon said
real property.
IN CITY COUNCIL
June S. 1998
Notion for Passage made and
Seconded Passed
xTY eRK
98-251
ORDER
Title, establishing the Amount of the
Tan Rate and Overlay for the 1999 Fiscal
Year for the Bangor Ceater Development
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�A I`nryAssi�gneld'ntton
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Councilmen