HomeMy WebLinkAbout1991-07-08 91-270 ORDERDate 7-no pt "'U" Item No. 91-270
Item/Subject: SERs �ieia ] Bogen Mffi Flava Station Nat; PeaEpmpiiation
of $4000000 fo: Street and Sldecelk Ramraetnx:tian
Responsible Department: City mal
Commentary:
M you axe ell 9w9xe, the City boxxowal $4SOr000 to 1990 m fond the aRmtzuctton of
a reptacarernt fire statin on Bogan toad. SrleoBvlt to borxwvg t1e racrealr, the
City developed plans and apsifiratioe mi lsaued b . After the bids serve
xereivad, it was Ileac that t actual costs for tae fire statim eu tae
ovum[ boraund.
fn ahiitton, vaxiae Eta3aral xequirmetita regedatU Lhe use of vemicipal tax BmRat
bods LS]nixe T1mC Dorroaai furs; w uasl m an established Payout aclrxLsle. Stare
we gave rant in a pcadL t to Ionil the fire stattass, m e d Potentially ba sn
violation of fe0aral mem to Simply lnld tba ravarry tmt l mre as of yet
ur vin date to U future. Failure m neat fee l might moult in
tie City's bode being xe-ev xwmxirl by M £sigma. gnaecnrent as fambler rot assay
ape applliec to the fire steatfars project bat w oder lnojects that wee furdol at the
mpe tirare.
�lyr it ie not an Ideal Practioe for mmicipal garevaenta to ]nrrv- massy for
LiterMay boxxwerl Db
ima1y eeen $200,000 and $400,000 per year for st
aidoellc xeconatcuccim. Between 1981 and 1987, sewn different boM oxWrs
(Cmt'tl. on [pact page)
UeF•rn rave
Manager's Comments:
City Meiuger
Associated Intormlion:
Budget Approval;
Fieance Dve6ar
Legal Approval:
C,%pN.m p�erLn' fyy qrap sad
st[6/ eiji'hauN{ ;14n asbc0Tiity Ws'we
ch"
p i svpiovs. 4riirlt -Pro Steg 4 Hx-
Cii Cbarkr
Introtlucetl For ® a r , pse tares 0 rya fen on S or np $
asxa a a/mm�q, eurgrl} 0ptra 1 S ,{Y�nXS. rcerdlru5�
❑First Beading '. R,000 berrowpd 5n �9p ('err �55e^ dad r'/'pa�_ot_
frfa sliekrnq ri mud y �„ CiIJ', WO %x
❑Referral K.� a[ammM Wo 9f'v[i b givini Ofisr0E of ot('er eaf;,41 AO/nXS.
i,rawea appmprlatiom for this Ix¢pma. I line with this change in pm tim, I
would we recvmeM that the City hoavw rem mmey for itlamlk
reWneTSUCtiM. Ikmever, in thfe imCanre, with Tie mneyn" city's cmx®tt
bud et ST tm, I of thie alxeffiy borrow d vorey mx this
przpose in order m relieve the bmrlen ofthis a1ii itiaial expense frrm tLa pmpevty
Tex�yer aM m i>,an:e tmt we veEC the T,s.:welrt: of faJeral
�pveadvul bob isams.
At the sme tLre, it vast clearly option of ming bovtawed
furde for tF�e przposPs will rmt be available in the ccftjing fiscal y c. % we
mntivvm thxvugh M2 as look to erd M3, xe mut begin m tete mwseaxy actiais
W a ity m mise & fol arrest a aidamlk
I6Vm[rnCtiml fRBp
Wt
i other than 81x69f1y of m CE WRWCH OOI12y.
mhis vey rot be slay, kat it ie a goal toani which we sicvld cmtimm m e>ak.
91-2)0
AeeiPM t0 Cewa0r Cohen, July 8, 1991
CITY OF BANGOR
(TITLE.) (DTiIEYa Don tnorlaing 1logan Road Fire. station coat
Re pp op iatiw $00,000 for Street d Sidewalk Reconstruction
By the City Council Of W City ofBaapor:
ORDERED,.
MT
WHEREAS, the actual coats for the Hogan Road Fire Station exceed the amow[
borrowed; and
WHEREAS, federal requirements aM the arbitrage certificate for the
borrowing of foods have established a payout of Bond proceeds
which the City cannot meet and which failure to meat could thereby
cause the City Bonds to be reevaluated as taxable; and
WHgF.EAS, significant losses of revenues have an immediate burden 0n the
property taxi and
WHEREAS, the City of Bangor has regularly and consistently borrowed funds
for street and sidewalk reconstruction;
NOW, THEREFORE, BE IT ORDER® THAT, the Hogan Road Fire Station is hereby
deaumorizea; and
HR IT FURTHER ORDERED THAT, $400,000 of the proceeds be reappropriated to the
FY 92 Street and Sidewalk Reconstruction and that the balance be
maintained in the project account until reapproprfated for
another purpose.
91-270
ORDER
IN CITY COUNCIL
July 8, 1991 Title,
Public Heaving Held.
Order Passed. DeeuthovlelR No aR Road Aire St atiov
Coat, ReeppxoprierfaR Of $400,000 fox
CI LEHR Saeet avd Sidewalk Reconetnceiov
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tom.^
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Councilman