HomeMy WebLinkAbout2019-06-24 19-262 Resolve
06/24/201919-262
06/24/2019
19-262
City Manager
Resolve
040-003
Title, Resolve
Accepting a One-Time Donation from Penquis in the Amount of 30% of the Taxes on the Building Recently
Acquired at 252 Harlow Street
This Resolve will accept a one-time donation from Penquis in the amount of 30% of the property
taxes owed on their building located on Harlow Street. This past year, Penquis acquired property
located at 252 Harlow Street. The property, previously owned by Rick Harnum and leased to
Penquis, is assessed at approximately $1.7 million. Total property taxes in 2019 was approximately
$39,000. Penquis, after purchasing the property made an offer to donate 30% of the property taxes
for one year, estimated to be approximately $11,700. Penquis agreed to make two installment
payments in September and March.
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06/24/201919-262
CITY OF BANGOR RESOLVE
06/24/2019
19-262
Tremble
Accepting a One-Time Donation from Penquis in the Amount of 30% of the Taxes on the Building Recently
Acquired at 252 Harlow Street
Whereas, Penquis has acquired previously taxed property located at 252 Harlow Street; and
Whereas, Penquis has expressed gratitude for the services of the City of Bangor and has offered to make a
one-time donation to the City roughly equivalent to 30% of the taxes owed in 2020.
Be it Resolved by the City Council of the City of Bangor that,
A donation from Penquis in the amount of 30% of the the taxes owed be accepted in two installments that
correspond with the property tax billing cycle.
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