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
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CITY CLERK