HomeMy WebLinkAbout1995-08-14 95-370 ORDERCOUNCIL ACTION _
Date: August 14, 1995
Item no. 95-370
Item/Subject: Order,, Amending Interest Rate on Downtown Assessments
Responsible Department: City Manager
Council Order 95-272, which established the implementation assessments for
the Bangor Center Development District, indicated that overdue amounts would
accrue interest at an annual rate of 10.00%. That was the allowed rate for
the fiscal year 95 assessments. Council Order 95-256, appropriation resolve
for municipal year 1996, established 10.75% as the rate at which overdue real
estate and personal property taxes would be accrued. In order to remain
consistent, the rate adopted under Council Order 95-272 should be amended.
Manager's Conumantas
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Associated Information;
Order
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Legal Approval:
6M.
Clr
Intr aced For
Passage
First Reading pageof_
Referral
95-3)0
Aaip ato Cmmeila Woodcock August 16, 1995
CITY OF BANGOR
(TITLE.) Mrber, Amending Interest Rate on Doxntown gas eamass arm
1.
By 04 Colima or uu MY OfSa yo.:
ORDFJ n,
TEAT the assessments made against properties in the Bangor
Center Development District paid after September 15, 1995 accrue
interest at an annual rate of 10.75%.
as
95-370
-IA CITY COUNCIL
Aocust 14, 1995- O R D E R
^ Title, Amending Interest Rate on
CITY L RR ".Downtown Assessments.
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