HomeMy WebLinkAbout2009-02-23 09-092 RESOLVECOUNCIL ACTION
Item No, / 0 9 2
Date: 2-23-09
Item/Subject: Resolve, Appropriating $10,000 from the General Fund's Undesignated Fund
Balance for Professional Services in Regard to the Bangor Gas Property Value
Abatement Request
Responsible Department: Executive
Commentary:
Bangor Gas Company, LLC has requested an abatement of its FY09 assessment. The
City assessed the property of Bangor Gas at $7,860,700 resulting in a tax of
$147,746.33. Bangor Gas is seeking a $7,583,350 reduction in the value of its property
which would reduce its tax liability to $5,283.52. Bangor Gas has filed for similar
reductions in its values in the other communities that it services I this region.
After discussion with the City Council, the Council has indicated its support for retaining
the professional services of an attorney and appraiser knowledgeable in regard to the
legal and assessing issues involved with public utilities. Based on preliminary
discussions, it appears that $10,000 will be required to pay for these services, at least
during the initial phases of processing this request. It should be noted, however, that
the eventual costs could be higher depending on the course of the case.
The attached resolve will appropriate $10,000 from our undesignated fund balance for
this purpose.
Department Head
Manager's Comments:
City Manager
Associated Information:
Budget Approval:
Finance Director
Legal Approval:
City Solicitor
Introduced for
Passage
X First Reading Page _ of _
X Referral to Finance, 3-2-09 @ 5 p.m.
n9 092
Assigned to Stone February 23, 2009
CITY OF BANGOR
(TITLE.) Resolve, Appropriating $10,000 from the General Fund's Undesignated Fund Balance
for Professional Services in Regard to the Bangor Gas Property Value
Abatement Request
BY THE CITY COUNCIL OF THE CITY OF BANGOR:
BE IT RESOLVED,
that $10,000 is hereby appropriated from the General Fund's undesignated fund balance for the
purpose of purchasing professional legal and appraisal services in regard to the Bangor Gas
property value abatement request. The Finance Director shall establish the necessary accounts
for this purpose.
IN CITY COUNCIL
February 23, 2009
First Reading
an d Referred to the
Fiagnce Committee
`-- CITY CLERK
IN CITY COUNCIL
March 9, 2009
Motion Made and Seconded
forP ssage
Pa d
CITY CLERK
It 09-052
(TITLE Appropriating a i ng $10.000 f rnm the
General Fund's Undesignated Fund Balance
for Profpssional Servirps in RpgarA to the
Bangor Gas Property Value Abatement Request
Assigned to Councilor
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