HomeMy WebLinkAbout1986-02-10 86-93 ORDER86-93
• t Introduced by Councilor Tilley, February LO, 1986
CITY OF BANGOR
(TITIE)- (Orber, Auth iifng an Issue of $1,955,000.00 Aggregate Principal
Amount of Bonds and A Tax Levy Therefor
By the City Coanelt of the altp o%Bangor:
ORDERED,
THAT, possessor to Section 8 of Article vl of the City Charter (Private
and Special Laws of 1931, Chapter 56) and all amendments thereof and acts
additional thereto, there is hereby authorized the issue and sale at one
time or from time to rime of Me Million Nine Hundred Fifty -Five Thousand
Dollars. ($1,955,000) aggregate principal amount of serial bonds of the
City of Bangor. The proceeds derived from the sale of said bonds, lees
premium, if any, shall be used and are hereby appropriated for the
acquisition of land or interests in land, the purchase of equipment,
construction of permanent public improvements or for my other purposes
authorized bygenerallaw or special law or hereafter applicable to the
City of Hangar, all of which are hereby authorized, to wit:
(l) Fire Department - Substation Construction $ 250,000
(2) Street Reconstruction Program 250,000
(3) Sidewalk Reconstruction Program 75,000
(4) Davis Road Reconstruction 20,000
(5)Main Street Improvements 65,000
(6) Afryort Department Improvements 40,000
(7) Police Department - Building Improvements 50,000
(8) School Department - Fire Alarm Systems 30,000
(9) Garland Street Middle School Boller 32,000
(LO) Fruit Street School Roof Repair 36,000
(11) vine Street School Steam Line Replacement 17,000
'(12) Mary Snow School Elevator and Bair 120,000
(13) Abraham Lincoln School Temperature Controls 37,000
(14) Bangor High School Parking Lot Paving 33,000
(15) Bangor High School Science/Fine Arts Expansion 900,000
$1 955_000
The estimated period of utility of each of the improvements, equipment o
other items to be financed with the proceeds of said bonds is hereby deter-
mined to be at least 25 years.
THAT the date, materities, denominations, interest r rates, place
of payment and other details of each issue of said bonds, including pro-
vision 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, counter-
signed by the Chairman of the City Council and be in such form as they shall
determine by their execution thereof. Any issue of said bands my be can-
06-93
in City, Council February 10,1986 0 R D E R
R Amended by deleting itame 13,14,15,
consider next meetings Title,
AC !/ Authorising ane. Iesee of $1,955,000.00
Cit Clock
In City Cxmnil Tabruary ;4,1906
Passed as mantled
daunded Ey Deleting item 12
mended also by changing total
to =063,000.00
city c rk
Aggregate Principal Amount of Exude
..... I .........................
and I" Leavy Therefor✓.
Introduced and filed by
...4. i�.V...'.. ....:...
tilmen
a
qm
<�f'
J
In City Council Petouery 24,1986
Eefered to Planning guard
Connssiiddeer next meeting
City Cle[r
86-100
OXOINANCE
( TITLE,) N nding Zoning Ordinance Essex St.
Lntro*xni and (i ei by
^ r
In City Council 9.12-86 G Caucilat `
Consider next meeting
C�CY x!A/1t
In City Council Fetch 34.1995
vote t0 indefinitely Postpone
Passed vote9 yes
e
voting Yes i .Car.Prankel.
Lebmitz'm carMy.9ullivan.
Tilley.Wheeler. Willey
C
C Clerk
ion
b
LEGAL. NOTICE.
CIfYOF'BANGOR
W;eel:P. Fna Ali,
I,a,. ,M PH ,. W.,..e. C,„ C.,.