HomeMy WebLinkAbout1995-06-12 95-274 ORDER_COUNCIL ACTION
Date June 12, 1995 Item No. 95-274
item/Subject: Establishing the Amount of the Tax Rate and Overlay
for the 1995 Fiscal Year for the Bangor Center
Development District
Responsible Department: Community S Economic Development
Commentary:
The attached Council order establishes an assessment rate of
$0.51, the assessment rate needed to raise the $43, 000requested to
fund the Bangor Center Management Corporation based on an estimated
total assessed value of District property of $83,288,200. It also
establishes an overlay rate of $0.02 per $1,000 of valuation for a
total a entrate of $0.53 per $1,000 of valuation. This rate
is unchanged from PY 95.
Manager's Comments:
Associated Information:04k,
Finance Director
Legal Approval:/
City Solicitor
JL Passage
_ First Reading Page 1 of
Referral
95-274
Aaigud to Counedor Woodcock June. 12, 1995
CITY OF BANGOR
(TITLE.) (®rber Establishing the Mount of the Tax Rate and
Overlay for the 1996 Fiscal Year for the
Bangor _Center Development District
By tAs City Cown1 eJtM Cfq'N¢aMor:
ORDBREDo
MT
all real property in the Bangor Center Development
District, subject to taxation, shall be assessed at a rate of $0.51
per $1,000 of valuation; and be it further
ORDERED, THAT an Overlay in the amount of $0.02 per $1,000 is
hereby assessed upon said real property.
IN CITY COUNCIL
June 12, 1995
Public Nearing Opened:
No Comments were Heard
Public Hearing Closed:
95-276
O RUER
Title,
Establishing the Assort of the Tax Fate
add'd:edier'for'i"'Md 'MM liiii'tor
the Bangor Center Development District
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Councilman