HomeMy WebLinkAbout1995-08-14 95-361 RESOLVE- COUNCIL ACTION
Date: August 28, 1995
Item No. 95-361
Item/Subject: RESOLVE: Supplemental Appropriation of Sante to be Received
and Taxes to be Paid
Responsible Department: Finance
Co:msentary:
The indenture of lease entered into on September 13, 1994, calla for a total
of $16,800 in rent payments to be received. In addition under Article IE,
provided the leasee (Sea Dog Brewing Company) is not in arrears in its rent
or other payments due within the lease, the lessor (City of Bangor) shall pay
all properly assessed real estate taxes (RE 1926)6) on the premises.
The lessee is responsible for the personal property taxes on the premises.
Currently, Sea Dog Brewing Company is in arrears for sever charges. This
will be addressed at the August 8, 1995 .Municipal Operations Committee meting
regarding sewer ordinances.
Ben Gibb will Contact Sea Dog add ask that payment be made pending outcome of
sewer ordinance amendments submitted to Municipal Operations.
Manager's Commentssq"•1ACpeps
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Associated Information)
Budget Approval:
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Legal Approval:
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Introduced For
Passage
First Reading Pageof_
Referral in Furv4up
Assigned to Councilor 6laachecte August 14, 1995 95-361
CITY OF BANGOR
(TITLE.) 2988011121.. Supplement11 al 11 Appxopx I Iatio1. n of Renteto, be Re iyed
and Taxes to be Paid
By At City Cww.it of Me CUP of Sagunto
B LVOD, there is hereby appropriated within the General Fund
$16,800 of rent revenue and $16,304.55 in tax expenditure as called
for within the indenture of lease between the City of Bangor and Sea
Dog Brewing Company. The Pinance Director is hereby authorized to
establish the necessary accounts to implement this appropriation.
IN CITY COUNCIL 95-361
August 14. 1995 R E S O L V E �
First Reading
ReF d to Finance Comittee
Sl ssomemevtal Appropriation of Rents to
be Received and Taxes to be Paid.
CITY CWK
IN CITY COUNCIL
August 28. 1995 -
Passed
CITY CLERR ��