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HomeMy WebLinkAbout1986-08-25 86-346 ORDER86-346 Introduced by Councilor Tilley, august 25, 1996 All CITY OF BANGOR (TUTEE,) (00fr, _ _Oirstlrg Qty Clerk to Place yefererdus dess"en M Ballot at the Next Regular seticipal Hleetion: School Ctnstructim Project - 5 New 8cie laboratories By 65r City Cownei! oftAs City of Damon: . ORDERED, AR the city Clerk take all neceseary"action as may he required by law aceNtL to plfollowing question on a ballot for consideration by the voters of the City of Bugger at a referendum to be cordorfed on the date of the next regular municipal election: Shall a 5c'mol construction project having a total estimated project cost of Nine Hundred Nineteen 9nusaed Ue Hundred Dollars ($919,100) and consisting of the design, constructice and equiWiM of an addition to Burgon High School for five (5) science laboratories, substantially in accordance with a corcap[ual plan Prepared by Allied Engineering, Inc., he apprwedi aho shall the Barger fity fbunei1 be authorized to issue bads or :rotes Of the City of Bangor t fund this project in a total principal argcet Mt to sxcea9 Hire Hundred Nineteen 19nusaml One Hurdre3 Dollars ($919,100)] 1. The entire additional operating costs of the new project during its first two (2) years shall be borne by revenues raised by the City of Burger. 2. The estimated ancunt of the additional operating mats during each of the first two (2) years is Sevontyb e Itennett Five Hundrai flirty -Seven Dollars ($71,53].001 for the first year end Seventy -Two Thousand One hundred Nineteen Dollars ($72,119.00) for the accord year. 3, ghe City of Bangor's Local sbare of debt service will he calculated in accordarc» with the School Finance Act of 1985. ghe peroentale of the City of e'vgor's local share of debt service allocation for the first full year of debt service on the new project, assmirg 7/1/86-6/30/87 school financial data, is estimated to he 66.22 percent. This percentage is subject to change each fiscal year in acmrdanm with State law. In City. Council august 35,1906 Passed cic erg � t 86-346 0R EER Title, Directing City Clerk to place referendums r� ...................................... question on ballot at the next regular_ Municipal Election School Construction ...................................... Protect 5 Nan ecfence labocatociaa Introduced and filed by ... CU.......... .... cdrhc omen 86-346 Introduced by Councilor Tilley, August 25, 1986 r _ CITY OF BANGOR (TITLE.) (Jorhrr __. drectng City clerk to Place leferenmm question Cir ............. Eallot at the Parc Fryular eunicipal Election: School Q Structim Project - 5 taw Science Laboratories By dw Qty cause{ of the Qty of Bangor: OROEItED, gpGR the City Clerk take all necessary action as may he required by law W P O FLi following guestim on a ballot for ccnsidetatim by the voters of the City of Bangor at a referendum W he conducted on the date of the nest regular m,nicipal election: Shall a School construction project having a total estimated project cost of Nine Hundred Nineteen Thousand ¢m Hum red Nllars ($919,100) and consisting of the design, construction and equipping of an addition to Hangar High School for five (5) science laboratories, substantially in accordance with a conceptual plan prepared by Allied Engineering, Inc., be approved; and shall the Bargor City 0buncil be authariaed W issue bads or notes of the City of Bangor no End this project in a total principal amount not to exceed Nine HUWred Nineteen Thousand One Hadred Wilars ($919,100)1 1. v e entire additional operating costs of the ce project during its first two (2) years shall he bars by revenues raised by the City of Bangor. 2. The estimated amount of tW alditiaul operating costs during each of the first two (2) years is Seventy-one Thuusad Five Hat red Thirty -Seven tollars ($)1,53].00) for the first year and Sevmtysiwo 7housard Q e Hundred Nineteen Dollars ($72,119.00) for the second year. 3. The Qty of Bangor's local share of debt service will be calculated in acWrdanxe with the School Finance Pit of 1905. Lae percentage of the Clty of Bargor's local share of debt service allocation for the first full year of debt rice on the now project, assuming 7/1/06-6/30/87 school financial data, is estimated W be 66.22 percent. This percentage is subject W charge each fiscal year in accorlarxe with State law. In City Council August 25,1986 Passed 4 Clexk ` 86-346 ORDER Title, Directing City Clerk to place referendum ...................................... question an ballot at the near regular. Municipal Election School Construction ...................................... Project 5 New science laboratories Introduced and Filed by .. ...v..... Ctldncilnan