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HomeMy WebLinkAbout2020-06-08 20-176 Resolve 06/08/202020-176 06/08/2020 20-176 School Department Resolve N/A Title, Resolve Making an Appropriation of $1,410,000 for Non-State Funded Debt Service Allocation for the Bangor School Department as Required by 20-A MRSA Section 15690 2. A This resolve will appropriate the non-state funded debt service allocation in the amount of $1,410,000. Non-state funded debt service is the amount of money needed for the payments of school department long term debt for major capital construction projects and or minor capital renovation projects that are not approved for state subsidy. The issuance of this long term debt was previously approved by the Bangor City Council. Council Workshop Recommend for passage First Reading 06/08/202020-176 CITY OF BANGOR RESOLVE 06/08/2020 20-176 Fournier Making an Appropriation of $1,410,000 for Non-State Funded Debt Service Allocation for the Bangor School Department as Required by 20-A MRSA Section 15690 2. A Be it Resolved by the City Council of the City of Bangor that, In accordance with 20-A MRSA Section 15690 2. A., there is hereby approved the following separate school budget article raising and appropriating $1,410,000 in local funds for annual payments on debt service for non-state funded portions of School construction projects and minor capital projects. Article 2: To see what sum the municipality will raise and appropriate for the annual payments on debt service previously approved by the city council for non-state funded portions of school construction projects and minor capital projects in addition to the funds appropriated as the local share of the school administrative unit's contribution to the total cost of funding public education from kindergarten to grade 12. IN CITY COUNCIL JUNE 8,2020 CR 20-176 Motion made and seconded for First Reading Vote: 9—0 Councilors Voting Yes: Fournier,Hawes,Nichols, Okafor, Schaefer, Sprague, Supica, Tremble,Davitt Councilors Voting No: None Passed C T CLFkk IN CITY COUNCIL JUNE 22,2020 CR 20-176 Motion made and seconded for Passage Vote: 9—0 Councilors Voting Yes: Fournier,Hawes,Nichols, Okafor, Schaefer, Sprague, Supica, Tremble,Davitt Councilors Voting No: None Passed oJ CITY CLERK