HomeMy WebLinkAbout1969-06-09 186-W RESOLVEIntroduced by Cvncilon Ballour Sure 9, 1969
CITY OF BANGOR
(TITLE.) ¢SDjb2f aei x tee. x nn .. e.e}_gp _ . 3 .............. .............
DVM* City Caen of fke City ofBanpor.
JWWL D.
WhERIAS, the cost of municipal Capital construction has been increasing
at a rate of approximately 59 a year in recent years, arc
WHEREAS, capital construction is expectsi to increase approximately 17%
in 1969 and 1970, and
WHEREAS, run cipal debt limits have not been increased since 1952, and
WHEREAS, municipal valuations have not increased to the same degree as
construction costs, and
WHEREAS, failure to consider this arbitrary limitation will only farce
local governments; to fund capital projects through more expensive avenues,
NOW, THEREFORE, BE IT RESOLVED that the Bancor City Council patroness its
concern over the action of the Senate relative to L. D. E59 Providing for Regula-
tion by the Legislature of Municipal Borrowing end requests that the action be
recasidered.
IN CITY COUNCIL
nune 9, 1969
PA5580
IN CITY COUNCIL
June 9, 1969
The ordinance requiring the filing of
aal order was suspended Ey the following
yes and no vote: Councilors voting yes:
Ballon, Berry, Co%, WKrrico, Houton,
McKay Nealley Punter Councilor musky
RESOLVE
Relative to Municipal Borrowing
ahaent. this as resolve Men then received Intfpduced and f' ed by
and PASSED.
CITY Councilmen