HomeMy WebLinkAbout1987-10-13 87-388 ORDER87-388
Introduced by Councilor Shubert, October 13, 1987
CITY OF BANGOR
(TITLE.) (DrDCTt Tempo ry Moratorl:m on City Participation in Subdivision Road
By the My Cmm of sty ofBanpor:
ORDER u,
TEAT. WHEREAS, Chapter VI, Article 14 of the Laws and Ordinances of the
City of Bangor provide that the City will participate in the construction of
privately -developed residential and commmercial. subdivisions. consisting of the
paving of said streets at CIry expense,
and the reimbursement of up to fifty
percent of the estimated sever coat when lot are sold{ and
WHEREAS, the present level of the City's reserve account for construction
is extremely low. to the point where the city's participation in additional
projects to any appreciable extent could not be undertaken without the issuance
of additional bands:
NOW, THEREFORE, Be It -
0UEREO, THAT a temporary moratorium be placed on the City participation
in the construction of subdivisions as outlined in Chapter VI, Article 14 of said
Laws and Ordinances
until such time as future projections for capital expenditures
can be determined as part of the IT '89 budget process, and be it further
ORDERED, THAT the City Engineer be and hereby is directed to estimate the
approxiaate.� cost of passible future city participation in subdivisions which
have been previously approved but not constructed, and report his findings to the
City Council for further action.
STATEMENT OF FACT:
The present balance In the reserve account :to $53,000.00, where the City's
up -front participation in subdivisions which have been approved but ttt��� onettCted
could amount to up to $75,000.00 with an additional estimate of $IDO,00040 for
reimbursenwit when lots are developed. The purpose
of this Order is to place
developers of future projects on notice that funds are not available for immediate
participation by the City.
IN CITY COUNCIL
October 13. 1987
Passed
�
"Z czcla
8J-388
ORDER
Title,
Temporary. Moratorium. on
in Subdivision Rand and Sewer Construction
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