HomeMy WebLinkAbout1984-03-12 84-115 RESOLVE84-115
Introduced by Councilor McCarthy, Maroh 12, 1984
CITY OF BANGOR
(TITLE.) ¢gOIU¢, Suppoge ng, IndVairial._Development_ Ennds_ ..... _.._._.....
Byw C:ry Cw ilWw Cary 4lBw¢or:
IMSOLVSD,
WHEREAS, Industrial Development Bonds (IDB's) are a creative, viable,
functioning industrial and community development tool; and
WHEREAS, The cities in this region of the State of Maine have been
appropriately utilizing IDB's as a -mechanism toenhance
economic development and orderly planned growth in this
region to the benefit of all the citizens and the tax
bases of the municipalities; and
WHEREAS, The United States Congress in HR 4170 propose restrictions
to IDB's to local municipalities; and
WHEREAS, With fewer mechanisms and funds from other levels of
goverment, local municipalities must be creative and
innovative in stimulating continued economic growth; and
WHEREAS, The sense of the City Council of Bangor is that economic
development.y funds which broadenthe tax base, create revenue,
create jobs and develop economic: growthsuch. as. -_
IDB's are necessary end desirable;
NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF
BANGOR urgeu r Congressional Delegation to remove any
proposed capsr other restrictions which woulLimit our
cities' utilization of IDB's as proposed in HE 4170.
In City Council Marti 12.1984
easseV
Citg Ulett
0Es 0EYE
Supporting Industrial Development Bonds