HomeMy WebLinkAbout2009-06-08 09-196 RESOLVEVVYI�ViL Mt.1 iV
Item No. J q .0 9 b
Date: June 8, 2009
Item/Subject: RESOLVE, Making an Appropriation of Downtown TIF Funds within the Capital
Fund.
Responsible Department: City Manager
Commentary:
As a portion of the 2010 budget, the City Council reviewed all requests for various capital and
operational needs, some of which were recommended for funding from the Downtown
Development District TIF funds. The Downtown TIF District is expected to generate $2,448,000
in FY 2010. These funds may only be expended for purposes identified within the TIF
application as previously approved by the City Council and the Maine Department of Economic
and Community Development. Allowable projects include those related to downtown parking
structures, the waterfront, downtown parks, docking facility, downtown infrastructure
improvements (i.e. sidewalks, utilities etc), clean up of the Penobscot River and the multipurpose
arena.
Department Head
Manager's Comments:
Recommend approval. This resolve may require an amendment when it returns to the
�Council if
additional changes are made as the budget is finalized. �l l/
&' �A/Z
City Manager
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
Passage
X First Reading
Referral
Finance Director
/Y/�
ity Solicitor
Page _of_
09
i �f BAC S
pyo, Assigned to Councilor- D'Errico June8, 2009
CITY OF BANGOR
A'IT EDI �-
(TITLE.) Resolve, Making an Appropriation of Downtown TIF Funds within the Capital Fund for
Expenditures to be Made During Municipal Year 2010
By the City Council of the City of Bangor.,
RESOLVED, that there is hereby appropriated the amount of $2,441,681 from the Downtown
Development District TIF funds for the following capital purposes:
Debt Service Associated with Parking Structures
$ 85,000
Waterfront Park Improvements
$400,000
Parking Garage Maintenance
$308,381
Columbia St Parking Deck
$635,000
Downtown Sidewalks
$ 50,000
Pay by Space Equipment
$ 20,000
Minor Downtown Projects
$ 15,000
Sidewalk -- Courthouse
$156,300
Atter Lot
$ 47,000
Barn Replacement
$400,000
Penobscot River Clean Up
$325,000
BE IT FURTHER RESOLVED THAT the Finance Director is authorized to establish the necessary
accounts for these purposes.
i9b
IN CITY COUNCIL
June 8, 2009
First Reading
t
41&TYC-6-ER-K
IN CITY COUNCIL
June 22, 2009
Motion Made and Seconded for Passage
Motion Made and Seconded to Amend by
Substitution
Passed
Motion Made and Seconded for Passage as
Amended
Passed As Amended
Dkf CITY CLERK
# 09 198
RESOLVE
(TITLN-NAKING AND APPROPRIATION OF
DOWNTOWN TIF FUNDS WITHIN THE CAPITAL
FUND FOR EXPENDITURES TO BE MADE DURING -
MUNICIPAL YEAR'20I0 (FIRST READING)
Assigned to Councilor.. I f
09-196
J 84�s. As Amended
CITY OF BANGOR
4tED"
(TITLE.) Resolve, Making an Appropriation of Downtown TIF Funds within the Capital Fund for
Expenditures to be Made During Municipal Year 2010
By the City Counal of the City of Bangor
RESOLVED, that there is hereby appropriated the amount of $2,573,381 from the Downtown
Development District TIF funds for the following capital purposes:
Debt Service Associated with Parking Structures
$ 85,000
Waterfront Park Improvements
$400,000
Parking Garage Maintenance
$308,381
Columbia St Parking Deck
$635,000
Downtown Sidewalks
$ 50,000
Pay by Space Equipment
$ 20,000
Minor Downtown Projects
$ 15,000
LED Streetlights
$275,000
High/Middle & AtIer Lots
$ 60,000
Barn Replacement
$400,000
Penobscot River Clean Up
$325,000
BE IT FURTHER RESOLVED THAT the Finance Director is authorized to establish the necessary
accounts for these purposes.