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HomeMy WebLinkAbout1989-06-12 89-260 ORDERDate June 7. 1989 Item No. 89-260 Item/Subject: Establishing the Amount of Overlay and The Tax Rate for the 1990 FY for the Bangor Center Development District Responsible Department: Community and Economic Development This Order will provide for the establishing of a tax rate for the Bangor Center Development District for Fiscal Year 1990 as well as an overlay amount to cover abatements and taxes written -off for whatever appropriate reason. The request for the District is to assess property owners in the District $114.241.77 of the total proposed budget of $166,241.77. The balance of $52,000.00 is requested from the City. A printout indicating total assessed value of property in the District has been requested and when received will provide the information needed to determine the tax rate per thousand of valuation, the overlay, and the amount which would be assessed to,eachproperty owner. Information, Budget Approval: Approval: Department Read Finance Director City Introduced For: Passage First Reading tr' n � Referral U,✓ w„•SUWu tea• Page 1 of 1 89-360 Auiwed to (:ounNw Saxl, Rune 13, 1989 CITY OF BANGOR (TITLE.) (grliCLo _Establishing the Amount of Overlay and,.The Tax Rate for the 1990 Fiscal Year for the Bangor Center.DevelOpmentDistrict By Oo My Cow vU of Ox City ofDMew: ORDERED, THAT all real property in the Bangor Center Development District, subject to taxation, shall be assessed at a rate of $ per $1,000 of valuation; and it further ORDERED, THAT an Overlay in the amount of $ is hereby assessed upon said real property. In City Coon oil Jure 12,1989 Refered to . 26th Mee•:.. Ci[y clerk In City Couincil Jure 26,1989 Tabled until next spacial ..--ting City clerk In City Council June 29,1989 Special feasting Artendzd by addding the ficure $1.25 on the line provida3'on its third lire after the aox35 at a rate of Alan atrendv] in the last line after the words the amount of add the figure $3,626.75 , Rased as amended by the following yes and no wte !�9 Title, ESTnblisM1lnq the Auount of overlay ...................................... and the Tax Rate for the 1990 Fiscal Year for. the.Ba�v¢y.Cevter.�evelolah;vt Aistrict GR.C'W46G.i Councilman Stone, '2 t