HomeMy WebLinkAbout1996-06-10 96-273 ORDER[Y 14CC4f 7AW 94]21
Date June 10, 1996 Item No. 96-273
Item/Subject: Establishing the Amount of the Tax Rate and Overlay for the 1997 Fiscal
Year for the Bangor Center Development District
Responsible Department: Community & Economic Development
Commentary:
The attached Council Order establishes an assessment raze of $0.5056, the assessment mor
needed to raise do $41,046 requested to toad the Bangor Center Management Corporation based
on an estimated total assessed value of District property of $80,482,900. It also establishes an
overlay rate of $0.0244 per $1,000 of valuation for a rotad assessment race of $0.53 per $1,000
of valuation. This rate is unchanged from FY 96.
Departneseaf Read
Manager`s Consumers:
Associated Information:0, 6.
Budget Approval:
,aRU; 6r
XwBinance Director
Legal Approval:
city srilcitor
Introduced for:
X Passage
First Reading
Referral Page — of
96-2)3
Aeeigned to fummilor Leen June 10, 1996
CITY OF BANGOR
(TITLE.) @nMr, Establishing the Amount of the Tax Rate ar)dOverlay for the 1997
Fiscal You for the Rangor Cemer Development District
By tba City Caused of f City ofBanoor:
ORDERED,
TEAT all mal property in the Bangor Center Development District, subject to taxation,
shall be assessed ata rete ofS93956_ per $1,000 of valuation; avd be it furtber
ORDERED, THAT An Overlay in Ne amount of $49244_ per $1,000 is hereby assessed upon
said real property.
Id CITY COM'CIL
96-273
]we 10, 1996
Passed
O R D E R
" T tl Establishing the Amount of the
CITY CLE
Tax Rata and Overlay for the 1997 Fiscal
Year for the Hanger Center Develepmeat
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