HomeMy WebLinkAbout1991-11-13 92-08 ORDERDate 11-13-91 0 Item No. 92-8
IM
Item/SubleR: ��' Autho tzDlg T FL Dixeetnr F$tabllsh
Payvast naan9earevent:s with Taxiayaxw with
Djtstand i Tea LIOe
Responsible Department: Finaree Dap�
Dammentare:
As You ane maare, csarnt economic emetitione love bad an lupvcc per tie dollar
value Of teal esd lersoTMl pnspemty tatres Ase to the City. Between Jure Me 1990
asd Jorge 30, 1991, ilio deAl value of taws Ale fncseaeetl by ap{ rnripeataly
$950,000.
he >eapmiee to this sitaatioa, (le Finarce Oeputto:nC hes xecesstly ustlazY.alaen age
effort W Tact taxpv}cas with stands rec; tries and to discnass opt cina with
ticsn for handling (heir tape liability. tyre of tie options dim. eed 1e to enter
into paymanst aarangaearc where the tatei would bring his tames ppt fa in
xebtm for the City gst£ict'cm' w the pad tam lien after tie date of mt=lty of
the l nt.
Tie follavisg Cider would authorize tie Pinmre IllxeCtax to enter irao 80111
2uY'eret wxewacy a.aM cunt Ue teae of such axmngmmta.
TTda itan has Baal xrdca i and appmve9 by the Flnarce Comutt�.
pn, norm
Manager's Comments:. sl .nil Y'4.t—
6pp„ ,,,MIXLY,`_W�1t�n ^Ao A TPa c¢nuc� mru�ua µ0.{A.
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Associated Information: pAJ1j
Budget Approval: eD
Fim e Dimrro
Legal Approval: J �
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J}cfi r5 cysairh„e
Introduced! For
T'Wavaas page—of—
F-1
a¢ _ of _
[3 First Reading
❑Referral
92-8
Aempmd No Coumam Sall, November 13, 1991
;,- CITY OF BANGOR
(IML) (,Drbgr, Authorizing the Firema Director m establish. Faymeamt,,,..
Arrangements with TaRiH`ers with Cutstandi g T byes
BY Am City Coang of Aw CON OfBanFor
ORDERED,
TMTtle Finamoe Director is autlnrimad w enter into payment
arrangements with taxpayers with ovexmme tam. 'Hoes payment arrangements
Shall he coaisteM with the follompmg .aq.'.anants:
1) Payment adall be male over a six-month period;
2) A ore -sixth payvm2 of the holam.e of the taxes will be repui.en at
the signing of the agre a nt or within thirty days prior to the Signing;
3) The awe t shall not helve the City's right to foreclosure;
4) Tie City shall agree tlat it will tale no action against the property
riming the agreement period so lag as payments are wtle as scheduled;
5) The agreement shall recognize the right of the City to dispose of the
property sh uid the taxpayer default m ay payment for voce than UArty
daye;
6) The agr�eu®nt shall commit the City to quitclaim its interest in the
Property when the meth i tax lien is paid off in full.
M w TILYD@R Qd]E8®, 'H puSaan[ to the successful exm,ier ^ of a
payment egraaveenL, the Filarce Director i authrrizel to ib6ue gartclaiin dd91a
to the pxcgertles in question.
92-9
ORDER
IN CITY COUNCIL
November 13. 1991 _ Title.
Pass / Autboriaing the Pinance Director to
CI ckL Establish Payment Arrangements with Taxpayers
with Outstanding Tax Liens
............................... ....
�Ped to
Councilman