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HomeMy WebLinkAbout1993-06-14 93-314 ORDERvfl hen June'7,, 1993 Item No. 93-314 Establishing the Amount of the Tax Rate and Item/Subject: Overlay for the 1994 Fiscal Year for the Bangor Center Development District Responsible Department. Community and Economic Development Commentary: The attached Council Order establishes anassessment rate of $0.5051, the assessment rate needed to raise the requested to fund the Bangor Center Management Corporation based on an estimated total assessed value of District property of $85,133,900. It also establishes an overlay rate of $0.0249 per $1,000 of valuation for a total assessment rate of $0.5300 per $1,000 of valuation. pvR mr Need Maneri Comments: iy Mvmgn Associated Information: QAJK Dentist Approval: Finance DiMnor Legal Approval: Cary Swkirvr Introduced For O Fefsage First Reading Page—ofto — Referral 93-314' Aeeipped to Counedor Saxl, June 14, 1993 CITY OF BANGOR RRW mrO i, Establishing the Amount of the Tax Rate and Overlay for the 1994 Fiscal Year for the Bangor Center Development District BY Am OUF cuuaeH o7 Bu City of Dawn, ORDERED, THAT all real property in the Bangor Center Development District, subject to taxation, shall be assessed at a rate of $0.5051 per $1,000 of valuation; and be it further ORDERED, THAT an Overlay in the amount of 90.0249 per $1,000 is hereby assessed upon said real property. s 93-314 IN CITY COUNCIL D RDE R June 14, 1993 Title PrI r EstablleM1inf iM1e A p.t of tM1e Tax CITY CL and Overlay for the 1994 Fiscal Year for the Bangor Center Development District. ................................... .. Q ........ Aeeipmd to Cowtflman