HomeMy WebLinkAbout2009-10-14 09-319 ORDERCOUNCIL ACTION
Item No.
,9 319
Date: 10-26-2009
Item/Subject: Order, Amending Council Order 05-333, to Rename the Racino Special Revenue
Fund to the Arena Special Revenue Fund
Responsible Department: Council
Commentary:
The attached order will amend Council Order 05-333, to establish a special revenue fund entitled
"Racino Fund," by changing the name of the fund to more accurately reflect its intended purpose
which is to construct a new Arena to replace the current facilities at Bass Park. Therefore, this
order will rename the Racino Fund the Arena Fund.
Department Head
Manager's Comments:
This has been discussed on several occasions and was requested by Council
�Chair
.,Palmer.
City Manager
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Page _ of _
Finance Director
City Solicitor
09 319
Assigned to Councilor — Hawes October 26, 2009
CITY OF BANGOR
(TITLE.) Order, Amending Council Order 05-333, to Rename the Racino Special Revenue
Fund the Arena Special Revenue Fund
WHEREAS, on October 12, 2005, the City Council established a special revenue fund entitled
"Racino Fund"; and
WHEREAS, it is the intent of the City to utilize a significant portion of these revenues for
activities and costs associated with replacing the Bangor Auditorium with a new
arena; and
WHEREAS, it is the desire of the Council for the fund to be aptly named for its intended
purpose;
NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
Council Order 05-333, to establish a special revenue fund entitled "Racino Fund," is hereby
amended to rename the special revenue fund the "Arena Fund".
IN CITY COUNCIL
October 26, 2009
Passed
ORDER
(TITLE ,)�mending CoLnci 1 Order 05-333,
o R name the RacinO Special Revenue
Fund to the Arena Special Revenue Fund
Assigned to Councilor
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