HomeMy WebLinkAbout1995-05-22 95-245 ORDERCOUNCIL ACTION
Nate: 5_22-95
Itea No. 95-245
Item/Subject: ORDER, Abolishing the Resexve for Future Construction, Airport
Park Account
Responsible Department: Finance
The Reserve for Future Construction, Airport Account, was established by
Council Order 85-219 and was created to accumulate monies received for the
rental of certain Airport properties. These funds were to provide a source
of funding for improvements to the called industrial park area.
Improvements have been made to the industrial area in recent years through
federal and state funding as well as Airport appropriations.
At this time, it is no longer necessary to earmark specific revenues for
future improvements. The balance in this account will be transferred to
Appropriated Retained Earnings for Nonaeronautical Purposes (410-305115000)
to preserve the intent of the monies accumulated to date.
Department Head
Manager's Comments: n n T]
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.City Manager
Associated Information:
Order
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Legal Approval: V
City Solic r
Int,90uced For
moi. Passage
First Reading Page_of
Referral
95-245
Aniged to Coondm Woodcock May 22, 1995
CITY OF BANGOR
(Tin) (lrbgr Abolishing the Reserve for Future
Construction, Airport Park Account
BY W Oky Consult Of Ct1F ofSw w.
TEAT the Reserve for Future Construction, Airport
Park Account established by Council Order 85-219 is hereby
abolished. The balance in this account shall be transferred to
account number 410-305115000, Appropriated Retained Earnings for
Bonaeronautical. Purposes.
IN CITY COUNCIL 95-245
Hay 22, 1995 O R D E R
Paa
Title, Abolishing the Reserve for Future
CIT LERK' Construction, Airport Park Account
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