Loading...
HomeMy WebLinkAbout1998-09-14 98-371 RESOLVECOUNCIL ACTION_ Item No 98-371 Date: 9-/498 ItemBubject Resolvq Supporting November Bond Referendum to Fund Research and Development Efforts of the University of Maine System Responsible Department: City Council Commentary: This Resolve will put the City on mooed in support of thin Novembers Statebomd issue to provide 821) million for University Systern Research and Development This fording will have both an immediate end long-term effort First, mcent experience at the University of Maine has shown that these foods may leverage up m four times this amount in federal and other grants. Second, these funds will support eMencemant to Maine's existing industries and support me expansion of our economy into new high tech areas. The overall result will be to improve Maine's economic performance, enhance income levels, and bring new economic opportunities hies to our citizens. I recommend your approvd Managm's Commands: Meactatod lnformetlen: Resolve Budget Approval: --- Lege Approval: Introduced for x Passage _Near Reading _ Referral City Manager Finance Director Pap —of_ 98-371 R signed to Councilor Crowley September 14, 1998 CITY OF BANGOR (TITLE) �Rmohtz...... sapparaiag.noaamn<n.B9m.B .want.ro na.IwaW<ama_..._ .............. _... A.aysWpmeuAdartf.a[AM1e.RairxrsiAy_of.Meanti,Sxxtsm...... _......... _......... .... .... _...... By Cog Cwn<ilNNe OUV of Bangor; BBBOLVED. WHEREAS, inNovemba,Mainevo witlhask�dtoapprovea$20millionboMisuemfuM research aM development efforts within the UrdvemityofMaine system; and WHEREAS, University based research and developmeat efforts have a proven record of improving economic performance by both creating new jobs and investment in high tahnology euterprisea and improving the ecommic paformaar a of existing industries; and WHEREAS, the State of Maine currently ranks 691h or 50th among fire States in investment in RMAh and development, a ranking witch we believe is directly related to Maine's slow economic growth; aM WHEREAS, these bond£rods are an hwestmmt not orgy in Maine's long -tam future but in its immediem economic performance. Ova the last five years, the University ofMaive has leveraged its few rea larch and development @ods fourfold through federal and private sector greats; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCM OF THE CITY OF BANGOR THAT: we hereby support this November's Stere Bond Issue for Research and Development and call upon the citizens ofthe City of Bangor to vote in favor ofthis issue. These finds mpreseNan vestment in Maine's current and Cumreecmvomic growth and investment and will be repaid many times over through our StaWs ecommic paformamce. IN CITY COUNCIL September 14, 1998 Passed LEM 98-371 8 E S 0 L Y E Supporting November Bond Referendum to Used Research and Development Efforts of the University of Maine System