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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