HomeMy WebLinkAbout1997-06-09 97-271 ORDERCOUNCIL ACTION
Date .Tone 9. 1997 Item No. 97-271
Item/SubSect: Establishing Ne Am of the Tax Rate a Overlay for dm r998 Fiscal
Year for We Bangor Center Development District
Responsible Department: Community&Economic Development
The attached Council Order establishes an assessment rate of $0.51, the msessmen[raw
welled to most the $41,221 requested to fwd We Bangor Center Marmgemeat Corporation based
on an esthnaud total assessed value of District property of $80,830,900. It also establishes an
overlayrate. pf $0.02 per $1,000 of vale Pion for a mml assessment use of $0.53 per $1,000 of
valuation. flats rate is unchanged from FY 97.
Departmm Bead
Manager's comments
Budget Approval:
li lreccor
Legal Approval:
� �"1"r •I' UfM'�'1914i
City ealicltor
Introduced for
x Passage
First Reading
Referral page_ of_
CitamaY
City
/A_ lffiufTid—
MNanager
Associated
Information:
6'p�
Budget Approval:
li lreccor
Legal Approval:
� �"1"r •I' UfM'�'1914i
City ealicltor
Introduced for
x Passage
First Reading
Referral page_ of_
Aeaipadm CouneOw Woodcock June 9, 1991
CITY OF BANGOR
Establishing dee Anwunt of the Tax Rate and Overlay for the 1998
(TITLE.) Orb=r ............ ............ __.... ___.
Fiscal Year for the Bangor Center DevelopmeN District
By tae Ofty Council of Oft of a6lper:
ORDERED,
THAT all real property hi the Bangor Center Development District, subject to taxation,
shall be assessed at a ram of$L 51.1 per $1,000 of valuation; am be it furNer
ORDERED, THAT an Overlay in the amount of $0.02 per $1,000 is hereby assessed upon said
real property.
6'L'.T:Ndi'l
IN CITY COUNCIL 97-271 '
June- 9. 1997
Passed 0 R 0 E R
/ Title, Establishing the scovnt of the Tax
Rate and Overlay for the 1998 Fiscal Year
CS CL89R for the Bangor CenterDevelo men[ District
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Assigned to
T..w..........
Councilman