HomeMy WebLinkAbout1990-06-25 90-247 ORDER�c)
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Date: su:my1L r1990 Item No. 90-247
Item Subject: Bangor Center Development District - Establishment
of Implementation Assessments
Heaponsible Department: Community and Bconomic Development
Community Development Division
Commentary:
tl IN - Prior to voting on the attached Order, the City Council is
required to held a Public Hearing on the establishment of Implementa-
tion assessments for the Bangor Center Development District.
Attached is a listing of funding options from the $28,000 requested
from the City to $0.00. For example, if the City funds the $28,000
requested, the a= of $68,473 would have to be assessed (at the rate of
$0.76 per $1,000 of assessed value). If City participation is $0.00, the
a= of $96,473 would have to be assessed (at the rate of $1.07 per $1,000
of assessed value).
Prior to this hearing we will have fulfilled extensive statutory notice
requirements, Including publication of a list of all affected properties,
estimated assessments for each, and a maximum rate of assessment,
all published in the Bangor Daily News on June 19th, at least 10 da e
prior to the hearing date.
�L 'I `� De t�AHead
Manager's C®eats: 1N.7�,w-9WD, T6�W�du-- M uW
Pegs arv�(a � qL t�,�'�L'
�usaR� y�d9G,473.
City Manager
Associated Information: CA6,Aj
Budget Approval: J)A � b
Pinnae Director
Legal Approval:
city Solicitor
Introduced Por:
Passage
Pirst Heading Page 1 of 2
Referral
90-2a1
Awigned to Countilor Sullivan, June 25, 1990
_ CITY OF BANGOR
(TITLE.) @rbtr Bangor Centex Development District _Establishment
£ Implementat Assessments
Byw City Casual of As City ofBanow.
ORDERED.
TEAT the a= of _$ be assessed to fund the
operation of the Bangor Center Development District for the period
beginning July 1, 1990 and ending on June 30, 1991; and be it further
ORDERED, TEAT said sum be assessed against properties
in the Bangor Center Development District in such amounts as ahown on
the statement attached hereto and made a part hereof; and be it
further
ORDERED, TEAT said assessments shall be due and
payable to the City of Bangor on or before August 1, 1990 with
interest to accrue at an annual rate of 12% from August 1, 1990 onall
e
of said assessments remaining unpaid after September 1, 1990; and be
It further
ORDERED, TEAT assessments be hereby committed to the
Tax Collector of the City of Bangor for collection in accordance with
the authorityestablished under 30-A E.R.S.A. Section 5255 (5); and be
it further
ORDERED, TEAT said Tax Collector is hereby authorized
and directed to take all necessary action for the collection of said
assessments as may be provided by law.
IN CITY COUNCIL
June 25, 199D
Passed as Amended by the
following yes and no votes.
Councilors voting Yes:
Cohen, England, Soanaud. Stone
and Sullivan. Councilors voting
Baldacci, Sawyer and Sail.
Councilor Blanchette absent.
Ascribed by addle in the blank
ePace
CITY MePUN
90-24]
DR DER
Title,
Bangor Center Development district
.................................:
Establishment of Implementation
Aaeese"Sts.............. ......:
o.
Aedpudw
...............
Counci.lma..n..
FUNDING OPTIONS BANGOR CENTER DEVELOPMENT DISTRICT FY 1990
DISTRICTVALUE- $0),000,0)0.00
SCMC BUDGET- $111,473.00
CARRYOVER= 1$15.0).01
NEW FUNDS NEEDED= $88,473.00
IF CITY
PARTICIPATION
IS
TOTAL AMOUNT
OFSPECIAL
ASSESSMENT
NEEDEDIS
ASSESSMENT
RATEI$1,000
OFVALUE
REQUIRED IS
$28,000.00
$88,479.00
$0.7608
$2]500.00
568,973.0)
$0.7664
$2],000.00
$69,473.00
80.7719
$28,500.00
$691978.00
80.'1115
$28,000.00
$7,473.0
$0.7930
$251500.00
87,978.00
$0.7886
$25.00.00
$71,473.0
$0.7941
$2.,500.00
$71,973.00
$0.7997
$24.0).00
$72,479.00
$0.8053
$2$500.00
$72978.0
$0,8108
$231=00
$73,473.00
$0.8184
82&500.00
$73,979.0
$0.8219
$22.000.00
$74,479.00
$0.8]15
121,500.00
$74,973.00
$0.SSW
$21.00.00
$75,479.00
$0.8956
$211,50).00
$75,973.00
$0.8441
$2800).00
$76,473.00
$0.8497
$191597.00
$781973.0
$0.8663
$18,000.00
$7,473.0
$0.6809
$18500.00
$n,979.00
$0.8664
$18000.00
$78,479.00
$0.8719
$17,500.00
$78,973.00
$0.875
$17,000.00
$72479.00
$0.8890
$16,500.00
$79,973.00
$0.8886
$18,000.00
$8,479.00
$0.9941
$15,500.00
- $0,979.00
$0.8997
$15,000.00
581,473.00
100.9053
$14,SW.00
$81,973.00
$0.9108
90-247
IFCITY
PARTICIPATION
IS
TOTALAMOUNT
OF8PECIAL
ASSESSMENT
NEEDED IS
ASSESSMENT
RATEI$1,W0
OF VALUE
REQUIRED IS
$14,000.0
$82,473.00
$0.9164
$13.500.00
$82,973.00
0.9219
$131000.00
$WA73.00
$0.82]5
$12,500.00
$031973.00
$0.9330
$12,000.00
$84.473.00
$0.9386
$11,600.0
$$4,973.00
$0.8441
$11,000.00
$85,473.00
$0.9497
$10,500.0
$851973.00
$0.9553
$10,000.00
$86,473.00
$0.9608
$9500.0
$88,973.00
$0.9664
0,000.0
$87,473.00
$0.9719
$9,500.00
$871973.00
W.SnS
38,000.0
$88.478.00
$0.9030
$7,500.00
$88.979.00
$0.9686
$7.000.00
$89,473.00
$0.9941
56,500.00
189,974.00
$0.9997
$81000.00
$90,473.00
$1.0063
0.500.00
$90.973.00
$1.0108
$6,000.00
$91,473.00
$1.0164
841500.W
$91,973.00
$1.0219
$4,000.00
$92,473.00
$1.0276
$3,500.00
$92,973.00
$1.0930
.91000.00
$93,473.00
$1.0386
$2.500.00
$991973.00
$1.0441
$2000.00
$94,473.00
$1.0497
$1,500.00
$94,973.00
$1.0553
$1,000.00
5%A73.00
$1.0600
$500.0)
$95,973.00
$1.0664
$0.0)
$96,473.00
1 $1.0n9
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