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HomeMy WebLinkAbout2014-08-11 14-266 ORDERCOUNCIL ACTION Item No. 14-266 Date: August 11, 2014 Item/Subject ORDER, Bangor Center Development District — Establishment of Implementation Assessments Responsible Department: Community & Economic Development Commentary: PUBLIC HEARING - Prior to voting on the attached Order, the City Council is required to hold a Public Hearing on the establishment of implementation assessments for the Bangor Center Development District. Approval of this order will implement an amended special assessment of $57,000 on properties located in the Bangor Center Development District. The proposed budget for the Bangor Center Management Corporation/Downtown Bangor Partnership for the 2014-2015 Program is $103,000, a $2,000 increase over the original budget proposed in May 2014, and the City has been requested to raise the amount of $57,000 from updated implementation assessments on properties located in the Bangor Center Development District. The remainder is a projected carry-over from 2014 of $4,000 and anticipated sponsorships and event revenue of $42,000. If approved, this order will implement an assessment of $0.51 per thousand dollars of assessed valuation for the Bangor Center Development District and $.02 per thousand dollars of assessed valuation for the overlay. In accordance with MRSA Title 30-A §5228, the City has fulfilled extensive statutory notice requirements, including publication of a description of the area affected and the maximum rate of assessment of $0.53 per thousand dollars of assessed value as of April 1, 2014. This was published in the Bangor Daily News on July 31, 2014 (attached). This assessment will be levied for a one-year program commencing on July 1, 2014 and ending on June 30, 2015. This item was reviewed and recommended for approval by the Finance Committee at its July 21, 2014 meeting. Manager's Comments: Associated Information: BDN public hearing notice attached to CA Budget Approval: Legal Approval: Introduced for X Passage First Reading Referral Tanya Emery Department Head City Manager Finance Director "tW §dicitor Page _of_ 14-266 AUGUST 11, 2014 Assigned to Councilor Durgin CI`T'Y OF BANGOR (TITLE.) ORDER, Bangor Center Development District — Establishment of Implementation Assessments BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT the sum of $57,000 be assessed to fund the operation of the Bangor Center Development District for the period beginning July 1, 2014 and ending on June 30, 2015; and be it further ORDERED, 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 vauation; and be it further ORDERED, THAT an overlay in the amount of $0.02 per $1,000 is hereby assessed upon said real property; and be it further ORDERED, THAT said assessments shall be due and payable to the City of Bangor on or before September 15, 2014 with interest to accrue at an annual rate of 7% from September 16, 2014 on all of said assessments remaining unpaid after September 16, 2014; and be it further ORDERED, THAT assessments be hereby committed to the Tax Collector of the City of Bangor for collection in accordance with the authority established under 30-A M.R.S.A. § 5228; and be it further ORDERED, THAT Council Order 14-195 shall be repealed in its entirety; ORDERED, THAT said Tax Collector is hereby authorized and directed to take all necessary action for the collection of said assessments as may be provided by law. IN CITY COUNCIL AUGUST 11, 2014 MOTION MADE AND SECONDED TO;aOPEN THE PUBLIC HEARING PUBLIC HEARING OPENED MOTION MADE AND SECONDED TO CLOSE THE PUBLIC HEARING PUBLIC HEARING CLOSED MOTION MADE AND SECONDED FOR PASSAGE PASSED W - a Aj CITY CLERK