HomeMy WebLinkAbout2009-06-08 09-205 ORDERCOUNCIL ACTION
Item No. 09
Date: June 8, 2009 205
Item/Subject ORDER, Establishing the Amount of the Tax Rate and Overly for the
2010 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 $54,456 towards the Bangor Center Management Corporation Development Program
for July 1, 2009 through June 30, 2010, based on a total Bangor Center Development District assessed
value of $106,778,400. 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 2009.
Manager's Comments:
i
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Department Head
ManagerWiffmit'r-, mhimo
City
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Finance Director
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r\tity solicitor
Page _ of _
Assigned to Councilor — D' Errico June 8, 2009
CITY OF BANGOR
(TITLE.) ORDER, Establishing the Amount of the Tax Rate and Overlay for the
2010 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 8, 2009
Motion Made and Seconded for Passage
Passed
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YEAR FOR THE BANGOR CENTER DEVELOPMENT
DISTRICT
Assigned to Councilor
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