HomeMy WebLinkAbout2020-07-27 20-238 Order
07/27/202020-238
07/27/2020
20-238
Community & Economic Development
Order
R33-018
Title, Order
Authorizing an Amendment to the Agreement for Payment in Lieu of Taxes with Penobscot Theatre Company
for Property Located on Kenduskeag Avenue for a One-Year PILOT Reduction for FY2021
This Order will authorize a one-year reduction to a payment in lieu of taxes (PILOT) from 100% to
30% for Penobscot Theatre Company for FY 2021 in response to their request for assistance as a
result of the COVID-19 pandemic.
In 2014, the City authorized the sale of the former Fire Station #6 to Penobscot Theatre Company.
Along with the sale, the City and the Theatre Company also entered into an Agreement for Payment
in Lieu of Taxes. The PILOT amount began at 50%, and increased to 100% over five years. The
PILOT amount for FY 2021 is 100%, due September 1, 2020 and March 1, 2021. Currently, the
property is valued at $183,200, and the PILOT payment for the full fiscal year would be $4,250.24.
This Order authorizes an amendment to the PILOT Agreement allowing for a one-year reduction to
the PILOT payment to 30% of the assessed value in FY 2021.
pre-council
07/13/2020
Recommend for passage
New Business
CITY OF BANGOR ORDER
07/27/202020-238
07/27/2020
20-238
Okafor
Authorizing an Amendment to the Agreement for Payment in Lieu of Taxes with Penobscot Theatre Company
for Property Located on Kenduskeag Avenue for a One-Year PILOT Reduction for FY2021
WHEREAS, in 2014 the City of Bangor sold the former Fire Station #6 to the Penobscot Theatre Company;
and
WHEREAS, the City of Bangor and Penobscot Theatre Company entered into an agreement at that time for a
payment in lieu of taxes to be implemented, increasing to 100% in 2020; and
WHEREAS, this year Penobscot Theatre Company has experienced significant financial hardship due to the
COVID-19 pandemic and has requested consideration to reduce the payment in lieu of taxes to assist them
during this financial hardship; and
WHEREAS, it is in the City's best interests to provide supports for the arts and culture organizations that have
so many tangible and intangible positive impacts on Bangor and the City's residents and visitors;
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
The City Manager is hereby authorized, on behalf of the City of Bangor, to execute an amendment to the
Agreement for Payment in Lieu of Taxes with Penobscot Theatre Company for its property on Kenduskeag
Avenue to reduce the PILOT for FY 2021 to 30% in a form approved by the City Solicitor or Assistant City
Solicitor.
IN CITY COUNCIL
JULY 27,2020
CO 20-238
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
CITY CLERK