HomeMy WebLinkAbout2010-06-14 10-222 ORDERCOUNCIL ACTION
,s.,
Item No.
Date: .lune 14, 2010
Item/Subject ORDER, Establishing the Amount of the Tax Rate and Overly for the
2011 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 $52,432 towards the Bangor Center Management Corporation/Downtown Bangor
Partnership Development Program for July 1, 2010 through June 30, 2011, based on a total Bangor
Center Development District assessed value of $102,810,100. 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 2010.
Manager's Comments:
Associated Information: Order
Budget Approval:
Director
Legal Approval:
Introduced for
x Passage
First Reading
Referral
Department Head
City Manager
/, �L,- �i�- -
Finance
-z�N -
ity Solicitor
Page _of_
t -2
Assigned to Councilor — Nealley June 14, 2010
CI`T'Y OF BANGOR
(TIT�E.) ORDER, Establishing the Amount of the Tax Rate and Overlay for the
2011 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 14, 2010
Motion Made and Seconded for Passage
Passed
CL RR
ORDER
(TITLE,) Establishing the Amount of the
Tax Rate and Overlay for the 2011 Fiscal
Year for the Bangor Center Development
District
Assigned to Councilor