HomeMy WebLinkAbout2014-08-11 14-267 ORDERCOUNCIL ACTION
Item No. 14-267
Date: August 11, 2014
Item/Subject ORDER, Authorizing Execution of an Amendment to the Contract with Bangor
Center Management Corporation/Downtown Bangor Partnership
Responsible Department: Community & Economic Development
Commentary:
This Order authorizes the City Manager to execute an Amendment to the Contract with the Bangor
Center Management Corporation/Downtown Bangor Partnership for the purpose of providing
management services and administration of the Development Program for the Bangor Center
Development District for the period July 1, 2014 - June 30, 2015.
The proposed amended budget is.$103,000, an increase of $2,000 over the original budget passed on
May 28, 2014. The amendment is due to additional tax revenue resulting from the increased valuation
of downtown businesses, which forms part of the revenue used to implement the Development Program.
In order to account for this increase, the compensation paid to the Corporation must therefore be
adjusted. The Corporation did not request general fund support for the upcoming fiscal year.
Tanya Emery
Department Head
Manager's Comments:
City Manager
Associated Information:
Budget Approval:
IkOipe -c��
Fina ce Director
Legal Approval:
City icitor
Introduced for
X Passage
First Reading
Referral
Page _of_
Assigned to Councilor Blanchette
CITY OF BANGOR
14-267
AUGUST 11, 2014
(TITLE.) . ORDER, Authorizing Execution of an Amendment to the Contract with Bangor
Center Management Corporation/Downtown Bangor Partnership
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
the City Manager is hereby authorized and directed, on behalf of the City of Bangor, to execute
an Amendment to the Contract, a copy of which is on file in the Office of the City Clerk, with
the Bangor Center Management Corporation/Downtown Bangor Partnership for purposes of
providing management services and administration of the development program for the Bangor
Center Development District for the period July 1, 2014 - June 30, 2015. The purpose of the
amendment is to account for an increase in revenue to the District. Said Amendment shall be
in final form as approved by the City Solicitor or Assistant City Solicitor.
IN CITY COUNCIL
AUGUST 11, 2014
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
CITY CLERK