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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 (� A D �