HomeMy WebLinkAbout2020-08-24 20-286 Order
08/24/202020-286
08/24/2020
20-286
City Clerk
Order
N/A
Title, Order
Authorizing Placement of $2,730,000 Bond Question on November 3, 2020 Ballot
This order will authorize placement of the $2,730,000 Bond Question on the November 3, 2020
ballot. Earlier this evening, the City Council will be considering passage of Order 20-254 "Authorizing
Issuance of $2,730,000 of the City's General Obligation Bonds and a Tax Levy Therefor to Fund
Cameron Stadium Improvements - Multi Sport Turf/Field - Track Replacement".
The Charter of the City of Bangor, Article VIII, Section 19, requires the City Council to submit to
voter referendum orders or resolves authorizing the issue of general obligation securities of the city
in a principal amount of five one-hundredth of one percent of the last certified state valuation of the
City for a single capital improvement or item of capital equipment.
If approved, the City Clerk shall make notice of election to the citizens of Bangor and prepare the
ballots for the November 3, 2020 election.
Recommend for passage
If the Bond Order that appears earlier on tonight's agenda is approved by the City Council, this Order must be
adopted to place the question on the November ballot. If the bond order is not approved, this item will need
to be indefinitely postponed.
New Business
08/24/202020-286
CITY OF BANGOR ORDER
08/24/2020
20-286
Fournier
Authorizing Placement of $2,730,000 Bond Question on November 3, 2020 Ballot
WHEREAS, the City Council passed Order 20-254 "Authorizing Issuance of $2,730,000 of the City's General
Obligation Bonds and a Tax Levy Therefor to fund Cameron Stadium Improvements - Multi Sport Turf/Field -
Track Replacement"; and
WHEREAS, The Charter of the City of Bangor, Article VIII, Section 19, requires the City Council to submit to
voter referendum orders or resolves authorizing the issue of general obligation securities of the city in a
principal amount of five one-hundredth of one percent of the last certified state valuation of the City for a
single capital improvement or item of capital equipment.
NOW THEREFORE,
Be it Ordered by the City Council of the City of Bangor that, the following question be placed on the
November 3, 2020, municipal ballot:
Shall the order "Authorizing Issuance of $2,730,000 of the City's General Obligation Bonds and a Tax Levy
Therefor to Fund Cameron Stadium Improvements - Multi Sport Turf/Field - Track Replacement" be approved?
IN CITY COUNCIL
AUGUST 24,2020
CO 20-286
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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