HomeMy WebLinkAbout2013-06-10 13-204 ORDERCOUNCIL ACTION
Item No,13-2q4, a
Date: June 10, 2013
Item/Subject ORDER, Establishing the Amount of the Tax Rate and Overly for the
2014 Fiscal Year for the Bangor Center Development District
Responsible Department: Community & Economic Development
Commentary:
This Order would establish an assessment rate of $0.51 for next year, the same rate since FY 1992. This
rate would provide $55,542 towards the Bangor Center Management Corporation/Downtown Bangor
Partnership Development Program for July 1, 2013 through June 30, 2014, based on a total Bangor
Center Development District assessed value of $108,905,800. It also establishes an overlay rate of
$0.02 per $1,000 of valuation for a total assessment rate of $0.53 per $1,000 of'valuation. This rate is
unchanged from FY 2013.
This item was reviewed and recommended for approval by the Business & Economic Development
Committee at its June 4, 2013 meeting.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Rosie Vanadestine
Department Head
-'cky—m�nager
nance Director
J&
City Solicitor
Page _ of
13-204
JUNE 10, 2013
Assigned to. Councilor Sprague
CITY OF BANGOR
(TITLE.) ORDER, Establishing the Amount of the Tax Rate and Overlay for the
2014 Fiscal Year for the Bangor Center Development District
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
all real property in the Bangor Center Development District, subject to taxation, shall be
assessed at a rate of $0.51 per $1,000 of valuation; and
BE IT FURTHER ORDERED, THAT
an overlay in the amount of $0.02 per $1,000 is herely assessed upon said real property.
IN CITY COUNCIL
June 10, 2013
Motion made and seconded for Passage
Passed
or
CITY CL