HomeMy WebLinkAbout1994-06-13 94-283 ORDER194-283
COUNCIL ACTION
Date Same 13, 1994 Item No.
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 6 Economic Development
Commentary
The attached Council Order establishes an assessment rate of
$0.5056, the assessment rate needed to raise the $43,000 requested
to fund the Bangor Center Management Corporation based o
estimated total assessed value of District property of $85,041,900
It also establishes an overlay rate of $0.0244 per $1,000 of
valuation fora total assessment rate of $0.53 per $1,000 0£
valuation. This _rate in unchanged fromFY94.
Dep went Head
Manager's Co®emts: e1A
IOl.ir s� 1�I1t.
City Manager
Associated Information:
Budget Approval:
l once D e for '
Legal Approval
I Passage
First Reading
Referral Page of
pr4.N 'dd-c.c
June 13.1994 94-283
Assignedm COMMUM aaldaeci
CITY OF BANGOR
(TITLE.) VVr31TT Establishing the amount of the Tam Rate and overlay
for the 1995 Fiscal Year for the Bangor center
Development District
Byt My CoaseH dpw oily ofBanw.-
ORDERED,
THAT all real propertylthe Bangor center Development
Districts subject to taxation, shall be assessed
sed at a rate of
$O.5056. per $1,000 of valuation; and be it further
ORDERED, THAT an Overlay in the amount of $0.0244 per $1,000
is hereby assessed upon said .real property.
e.cas.cmcda-cc'
94-389
ORDER
In City Council June 13 1994 Title,
Passe
Establishing the Amount of the tax''rate
IC ..4Rd.4YS;}ey.fo; Me 1995 Piscal Year
city C1 E
k for the angor Center Development
District
..................... 4................
a.
/ �� Cowcilmab