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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 N E S 0 L YE \ � f3 WNL Oethtsta�-kff'�gteven at': s Park �1 ���G�p Ia City Cow l Nwadee 911987 HE pF 6L pV Passel IWFNESS ting it arci OG�er Bass Park GRCRY ��L �G Facie i �t C1 y c't letY!