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