HomeMy WebLinkAbout1986-05-12 86-218 ORDER86-218
Introduced by Councilor Tilley
CITY OF BANGOR
AutM ;g allocation,.of ..... Facility Enhancement -
Fee - fess Park
By Gs City Council oltM1s Llty alBaaVdrt:
JEMOLY&D.
�, unler the szistieg lease Pgreenent between the City of Bogor and the
fess Park Corporation all profits from the operation of the Bass Park
facilities must to paid over to the City in the form of rental for purposes of
meeting City obligations on bonded indebtedness for the facility; and
�, the Bass Park Corporation 9oead of Directors has voted to establish a
fee to be paid by the me hera of the public attenlieg raceway events; it being
the intent of said Board that said fee be used to help meet the City's
obligation for said bonded inJebtedness and to provide a course of funds for
future improvanents to the harness racing facilities at Bass Park; ani
V,dffFEA3, the allocation of said fee in such manner is not specifically
authorized in said Lease Agreement,
RBW, mfFEFDFE, By the City Council Council of the City of Bangor be it
RESOLVED, May, effective May 1, 1986, all profits derived by the Bass Park
Corporation from facility enhancement fees, after the payment of expenses,
shall be allocated by the Bass Park Corporation as follows:
Cne-half - Raceway facilities improvement
Ore -half - aagor Recreation Center b el iMebtednnass
In City C veil NV 12,1995
Neter to PLance cosenittee
tailed vote 2 yes 7 no
voting yes Cox, Mc Carthy
voting No Nmwn,Fr�, Lebowitz, g�22yl9
Sall Tan'
Ti118yjW ele'r,Wiliey N E 5 0 L V E
Note for Passage - - .
Vote 7 Yes 2 No Aut rizing Allocatabv .pT Facility
vnting yea Bmm$, a l', --
tetioMta,S wart Tilley,`
eler,Willey,an
Y 1
VoS.tvg�No Cqx®c �grEhy (�
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