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HomeMy WebLinkAbout1987-02-09 87-73 ORDERW -J3 c - Introduced by Councilor Frankel, February 9, 1982 CITY OF BANGOR (TITLE.) VY/iULTi Authorizing an Issue of $1,280,900 Aggregate Principal Amount of Bonds and a Tax Levy Therefor BY the rap C"BaBI of the City of Deepen: ORDERED, - - THAT pursuant to Section 8 of Article VI of the City Charter (Private and Special Lava of 1931, Chapter 56) and all amendments thereof and acts additional thereto there is hereby authorized the issus, and sale at owe time r from time to time of Due Million Two Hundred Eighty Thousand Mine Hundred Dollars ($1,280,900) aggregate principal amount of serial beads of the City of Bangor. The proceeds derived from the sale of said bonds, less premium, if any shall be used add are hereby appropriated for the purchase of equip- ment, construction of permanent public improvements or for any other purposes authorized by general law or special law or hereafter applicable to the City of Bangor, all of which are hereby authorized, to wit: 1.) Street Beconsttuctfan $250,000 2.) Parking Deck Design 200,000 3.) Auditorium Roof 160,000 4.) Ban Air Industrial Perk Expansion 112,500 5.) Columbia Street Parking Deck 87,000 6.) Airport Improvements 83,400 7.) State Street Paving 34,000 8.) Traffic Signals 25,000 9.) Main Street Paving 21,000 10;) Fire Department Training Building 20,000 11.) Fairmount School Fuel Tank 32,000 12.) Fire Alarm Systema - Middle Schools 32,000 13.) Fruit Street Hoof :48,000 14.) Vine Street Hoof 32,000 15.) Bangor High School Water Main 55,000 16.) Fairmount School Curtain -Walls 32,000 ll.) Bangor High School Paving 36,000 18.) Fruit Street Playground 16,000 Me estimated period of utility of each of the improvements, equipment Or Other Items to be financed with the proceeds of said bands is hereby determined to be at laser 25 years. THAT the date, maturities, denominations, interest rate at rates, place of payment and ether details of each issue of said bonds, including prevision for their sale and award, shall be determined by the Finance Director with the approval of the Finance Committee and the Chairman of the City Council, and said bonds shall be signed by the Finance Director, countersigned by the Chairman of the City Council and be in such form as they shall determine by their erecution thereof. Any issue of said bonds I `G 87-73 ORDER . IN CITY COUNCIL Title, reborary 9, 1987 Consider next meeting. Authorising an Issue of $1,280,900 aggregate end a max Levy Tnexefor and filed by n,eIntroduced In City Council February 234907 _ Councilman Amended by subetibation amended copy sttacDed vote to Delete item #2-: Pwld4'deck Design $DJCr000.00 Delete #g State St Paving $34x000.00 Passed vote 9 yes voting PCs Delete # 10 Main St Paving $21x000.00 BrownxCoxrFrWmlxtebowiLzr$Dubertr SatperxShcivenrTilleYrW111CY Passed vote to Delete items 17410 gnbatibated Copy Passed as attended from emended copy Failed New total $1x135r900.00 Vote 2 yes 7 No Voting Yea BM=I Voting rarlso tie No leb0wltarSamgerr, SiwDertr�4nrT�eyrWllley 1 vote to Delete $24400.00 from iters d.y rk 17 —amended copy = failed vote 3 Yea 6 No - Voting Yes BratattCox,Sawyer Voting No Frarnelxl<DomitzrShUbertx. S ivanr0illey Willey of said bonds may be consolidated with and issued at the same time a any other issue of bonds authorized prior to their issuance, at the discretion of the Finance Director with the approval of the Finance Committee and the Chairman of the City Council. THAT in each of the yearsduring which any ofthe bands are outstanding. there shall be levied a tax in an amount which, with other revenues, if any, available for that purpose, shall be sufficient to pay the interest on said bonds payable Do such year and the principal of such bonds maturing 1n such year. THAT pursuant to Section 10 of Article VI of the. City Charter and any other enabling authority, the Finance Dixector, with the approval of the Finance Committee and the Chairman of the City Council, is hereby authorised to issue temporary notes ho anticipation of the foregoing bond issue, said notes to be signed by the Finance. Director, countersigned by .the Chairmen of the City Council and otherwise to be in. such form as they shalldetermineby their execution thereof. THAT a qualified bond counsel be requested to rendez an opinion or opinions approving the validity of the bonds authorized by this Orden - v w Introduced by Councilor CITY OF BANGOR QITLU Mrbh r, 'u tborizi g an Issue or $1,445,900 Aggregate Principal Amount of Bonds and a Tax Levy Therefor By the City Cauneit of tha City of Bawer: ORDERED, THAT pursuant to Section 8 of Article VI of the City Charter (Private and Special Laws Of 1931, Chapter 56) and all amendments thereof and ante additional thereto there is hereby authorized the issue and sale at me time r from time to c of One Million pour hundred Forty -Five Thousand Hine Hundred Dollars ($1¢445,900) aggregate principal am unt of serial bonds of the City of Bangor. The proceeds derived tram the sale of said bonds, less premium, if any shall be used and are hereby appropriated for the purchase of equipment, construction uction of permanent public improvements or for any other purposesauthorizedby general law rspecial law or hereafter applicable to the City of Bangor, all of which are hereby authorized, to wit: l.) Street Reconstruction $250,000 2.) Parking Deck Design 200,000 3.) Auditorium Heating System 165,000 4.) Audimrinm Food 160,000 5.) Han Air Industrial Park Expansion 112,500 6.) Columbia Street Parking Deck 87,000 1.) Airport Improvements 81,400 8.) State Street Paving 34,000 9.) Traffic Cignal - 27,000 10.) Main Street Paving 21,000 11.) Fire Department Training Building Construction 20,000 12.) Fairmount School Underground Fuel Tank 32,000 13.) Fire Alarm Byetems - Middle Schools 32,000 14.) Fruit Street Roof Reconstruction 48, OOn 15.) Vine Street Roof Reconstruction 32,000 I6.) Bangor High School Water Main 55,000 U.) Fairmount Schaal Curtain -Walls 37,000 18.) Bangor High School Paving 36,000 19.) Fruit Street Playground Facing 16,000 The estimated period at utility of each of the improvements, equipment o other items to be Financed with the proceeds of said bonds is hereby determined to be at least 25 years. THAT the date, maturities, denominations, interest rate Or rates, place of payment and other details of each issue of said bonds, including provision for their sale and award, shall be determined by the Finance Director with the approval of the Finance Committee and the Chairman of the City Council, and said bonds shall be signed by the Finance Director, countersigned by the Cheriman of the City Council and be in such form as they shall determine by their execution thereof. Any issue may be consolidated with and issued at the same time as my other issue of bonds authorized prior to their_ issuance, at the discretion of the Finance Director, with the approval of the Fineace Committee and the Chairmanof the City Council. THAT in each of the years during. which any of the bonds are outstanding there shall be levied e tax in an amount whish, with other re , if any, available for that puapose. shall be sufficient to pay the interest on said bends payable in such year and the principal of such bonds maturing in such year. THAT pursuant to.gection 10 of Article VI of the City Charter and any other enabling authority, the Finance Director, with the approval of the Finance Committee and the Chairman of the City Council, is hereby authorized to issue temporary notes in anticipation of the foregoing hood issue, said notes to be signed by the Fivante Director, countersigned by. the Chairman of the City Council and otherwise to be in such form as they shall determine by their execution thereof. THAT a qualified bond rounsel be requested to render an opinion or opinions approving the validity of the bonds authorized by this Order. Introduced by Councilor CITY OF BANGOR $�1 113�59990�0.00 [F Cizing I see or pldvaOryeuu ASSYaA aC a ?Yin a i p a I .lmuat of Bands and a 'lax Levy Therefor Can CouroU of the MY of Bangor: ORDERED, THAT oursvant to Section 8 of Article VI of the City Charter (Private d Spa iol Law of 1931, Chapter 56) and all amendments thereof and acts saditlopil theao there is hereby authorized the issue and sale at one time -_- tet of One Million Four Hundred Forty -Five Thousand Nine _ od Dollars (S1e445,900) aggregate principal amount of serial bonds of e City of Bangor. The proceeds derived from the sale of said bands, less say shall be used and are hereby appropriated for the purchase to eequipment. construction of permareaL public improvements or for any other purposes authorized by general law orspecial law or hereafter applicable Co a ire City " o , all of which are hereby authorized, to wit: 1.)Street Reconstruction - $250,000 xZE= 3.) Auditorium Heating System 165,000 4.) AudiL011UM Roaf 160,000 5.) Ban Air Industrial Park Expansion 112,500 6.) Columbia Street Parking Deck 87,000 7.) Airport Improvements 81,400 S.) 9.) Traffic Signal 27,000 10.) KU53INZENmem MEN= 11.) Fire Department 'Training Building Construction 20,000 12.) Fairmount School Underground Fuel Tank 32,000 13.) Fire Alarm Systems - Middle Schools 32,000 14:) Fruit Street Roof Reconstruction 48,000 15.) Vine Street Roof Reconstruction 32,000 16.) Bangor High School Water Main 55,000 17.) Fairmount School Curtain -Walls 37,000 18.) Bangor High School Paving 36,000 19.) Fruit Street Playground Paving 16,000 The estimated period of utility of each of the improvements, equipment Or other items to be financed with the proceeds of said bonds is hereby determined to be at least 25 years. THAT the date, maturities. denominations, interest rate or rates, place of payment and other details of each issue of said bands, including provision for their sale and award, shall be determined by the Finance Director with the approval or the Finance Committee and the Chairman of the City Council, and said bonds shall be signed by the Finance Director, countersigned by the Charisma of the City Council and be in such farm as they shall determine by their execution thereof. My issue any be consolidated with and issued at the same time a my other issue of bonds authorized prior to their issuance, at the discretion of the Finance Director, with the approval of the Finance Committee and the Chairman of the City Council THAT in each of the yeas during which any, of the bonds are outstanding there shall be levied a tax in an ArOunt which, with other r if any, available for that purpose, shall be sufficient to pay the interest on ssald bonds payable in socb year and the principal of such bonds maturing in such year. COAT pursuant to Section 10 of Article v£ of the City Charter and wry ocher tabling authority, the Finance Director, with the approval of the Finance Committee and the Chairman of the City Council, is hereby authorized to issue temporary notes to anticipation of the foregoing bond issue, said notes to be signed by the Finance Director, c cetersigned by the Chairman of the City Council and otherwise to be Sri such form as they shall determine by their execution thereof. THAT a qualified bond counsel be requested to render an opinion or opinions approving the validity of the bands authorized by this Order. 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