HomeMy WebLinkAbout1991-12-23 92-56 ORDERe
Date �vvs 11VI Item No. 92-56.
Item/Subject: Acceptance of Prepayment of Property Taxes
Responsible Depar"Reffice Department
Commentary:
.Is action will authorize the City Tax Collector to accept prepayment of
as which are not yet assessed, In effect FY94 taxes and would set an
erest rete of 0% APR as payment to the taxpayer. This action is
iced under 96 MRSA 505 before the Tax Collector can accept payment of
as which are not yet assessed.
poor m/Ind
Manager's Comments:f
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City Maregn
Assaromed Iniormatbm0
Budget Approval: iu
Piva ce canceler
Legal Approval
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IntrM cad For
9Prs
(:71 First Page _ of
First Reading
R
❑ Referral
By W City Ceumeg of W MY ofkaxam,.
ORDERED,
THAT
Whereas certain taxpayers choose to make advanced or prepayment
of non -assessed taxes; and,
whereas the authority for accepting such payments is reserved to
the Bangor City Council; and,
Whereas the granting of authority to accept such payments
Includes the establishment of an interest rate to be paid to the
taxpayer from the date of acceptance of the payment by the city
to the date the taxes are assessed;
Now Therefore the Bangor City Council grants authority to the
Bangor City Tax Collector under authority of 36 MBRA sec 506 for
accepting the prepayment of taxes not yet assessed and
establishes an interest rate of O% APR.
92-56
Anigmd to Cowdw
Stone,.Cecember 23, 1991
:,✓:
CITY
OF
BANGOR
_,
(TUTEE.) (Orberl -""""
Acceptance of
Prepayment of Property Taxes
By W City Ceumeg of W MY ofkaxam,.
ORDERED,
THAT
Whereas certain taxpayers choose to make advanced or prepayment
of non -assessed taxes; and,
whereas the authority for accepting such payments is reserved to
the Bangor City Council; and,
Whereas the granting of authority to accept such payments
Includes the establishment of an interest rate to be paid to the
taxpayer from the date of acceptance of the payment by the city
to the date the taxes are assessed;
Now Therefore the Bangor City Council grants authority to the
Bangor City Tax Collector under authority of 36 MBRA sec 506 for
accepting the prepayment of taxes not yet assessed and
establishes an interest rate of O% APR.
In City Council December 23r2991
Passed
R
92-56
ORDER
Title,
Acceptance of Prepayment Of Property Taxes
......................................
� Armin&{n/t^\o
Councilman