HomeMy WebLinkAbout1996-11-13 97-13 ORDERCOUNCIL ACTION
Date: 11-13-96 Iter No. 97-13
Item/SubjeCt: ORDER, Authorizing the Carryforward of Funds to
Fiscal Year 1997 --Proceeds and Use of Foggia
Received from the Sale of a Portion of the Former
Freese's Building
Responsible Department: Finance
Commentary:
Council Resolve 96-104 appropriated $165,000 as a contribution to
the Northern Conservatory of Music (6850-78010100) and $85,000 as
a transfer to the Capital Project Fund to defray any necessary
expenses associated with the acquisition and maintenance of the
remainder of the former Freese's Building. This Resolve
contemplated completion of the sale during FY96. As the Council
is aware, a variety of factors led to a delay in this closing.
The closing of the sale occurred last week. As a result, we
would request that the associated revenues and expenditures be
carried forward into FY97.
Manager's Comments:
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Associated InPonsation:
Order
Budget Approval:
PTNANre nTRRC' P
Legal Approval:
LS_ R
_Introduced For
Passage
_ First Reading
Page o£
Referral
9]-13
Maip,ed fo FuuncBor Sullivan November 13, 1996
CITY OF BANGOR
(mLEJ orbtrA thorising the Carxyforeard of Funds to
Fiscal Year 1997 --Proceeds and Use of Funds Received from the
Sale of a Portion of the Former Frames's Building
Bs Me CitF CouwJ of the Cita ofBaspor.
ORDRRRD,
THAT $150,000 iousl appropriated
prey yfiscalya by Council,
Resolve 96-104 be carried forward to fiscal year 1997.
IN CITY COUNCIL
November 13, 1996
Notion to Amend Passed
Amended by Changing the
figure $150,000 in the body
of the Order to $250,000
5 Passe
dA d
PBK
97-13
ORDER
Title, Authorizing the Carryfovard of
Funds to Fiscal Year 1997 - Proceeds
and Use of Funds ilEceived from the Sale
of ¢ Po[[Ion o� C$�e Fotmet Freesea
Building
......................................
—FAWO. V
Gln/.1np Amigned to
Councilman