HomeMy WebLinkAbout1987-11-09 88-8 RESOLVEFair and Other Baas Park Facilities Improvements
Ep Ne City Caraeil of Ge CityaJllanOmt:
RESOLVED.
, the City of Bangor is the owner and operator of Bass Park; and
wIGeEAS, there is need W make capital improvements in order to preserve ani
upgrade the harness racing,fair facilities and other areas at Bass Park; and
PdF:R , if said capital improvaronts are not made in the hear future, the
continued quality and profitability of harness racing and fair activities at
Bass Park will be in serious jeopardy,
PAA", T9EF£1xim, By time City Council of the City of Bangor:
R:EDLVED, THAT for a period Of three (3)consecutiveyears, commencing with
the calendar year 1987 eighty (808) percent of the cash flow ner directly
attributable to harness racing of each calendar year shall be dedicated and
transferred, up to a maximum acomulative total of $550,000, to a special
account establiehe3 and maintained by the Finance Director for purposes of
funding capital improvements to tte harness racing facilities at Bass Park;
and be it
MBO M, THAT for a period of three (3) consecutive years, commencing with
the calendar year 1987 fifty (508) percent of the cash flow net directly
attributable to fair operations of each calendar year shall be dedicate3 and
trareferxel, up to a maximumumulative total of $150,000, to a special
account established and maintaed by the Finance Director for purposes of
funding capital improvements to the fair facilities and other areas at Hass
Park; and be it
Hae vNN, TBAT on or before January 31, 1988, 1989 and 1990 the Director of
Parks b Recreation ani the Finance Director shall prepare a detailed
calculation of Cash flow net of harness rating and the fair for the calendar
Went 1997 and each year thereafter, and shall file amid calculation with the
Base Park O'nmittee; and be it further
FESOLVED, TfNT no expenditure shall be meds fran said accounts without prior
approval by vote of the City Council.
88-8
Introduced
by Councilor Tilley, November 9, 1987
CITY
OF
BANGOR
(TITLE.) ¢Sp(bEa_....__waication
of ]tzvenues
at Bass Park — Bacnew. Racing,
Fair and Other Baas Park Facilities Improvements
Ep Ne City Caraeil of Ge CityaJllanOmt:
RESOLVED.
, the City of Bangor is the owner and operator of Bass Park; and
wIGeEAS, there is need W make capital improvements in order to preserve ani
upgrade the harness racing,fair facilities and other areas at Bass Park; and
PdF:R , if said capital improvaronts are not made in the hear future, the
continued quality and profitability of harness racing and fair activities at
Bass Park will be in serious jeopardy,
PAA", T9EF£1xim, By time City Council of the City of Bangor:
R:EDLVED, THAT for a period Of three (3)consecutiveyears, commencing with
the calendar year 1987 eighty (808) percent of the cash flow ner directly
attributable to harness racing of each calendar year shall be dedicated and
transferred, up to a maximum acomulative total of $550,000, to a special
account establiehe3 and maintained by the Finance Director for purposes of
funding capital improvements to tte harness racing facilities at Bass Park;
and be it
MBO M, THAT for a period of three (3) consecutive years, commencing with
the calendar year 1987 fifty (508) percent of the cash flow net directly
attributable to fair operations of each calendar year shall be dedicate3 and
trareferxel, up to a maximumumulative total of $150,000, to a special
account established and maintaed by the Finance Director for purposes of
funding capital improvements to the fair facilities and other areas at Hass
Park; and be it
Hae vNN, TBAT on or before January 31, 1988, 1989 and 1990 the Director of
Parks b Recreation ani the Finance Director shall prepare a detailed
calculation of Cash flow net of harness rating and the fair for the calendar
Went 1997 and each year thereafter, and shall file amid calculation with the
Base Park O'nmittee; and be it further
FESOLVED, TfNT no expenditure shall be meds fran said accounts without prior
approval by vote of the City Council.
8&88
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