HomeMy WebLinkAbout2012-05-30 12-189 ORDERCOUNCIL ACTION
Item No. 12-1N
Date: May 30, 2012
Item/Subject ORDER, Establishing the Amount of the Tax Rate and Overly for the
2013 Fiscal Year for the Bangor Center Development District
Responsible Department: Community & Economic Development
Commentary:
This Order would establish an assessment rate of $0.51 for next year, the same rate since the district
was established in 1992. This rate would provide $54,739 towards the Bangor Center Management
Corporation/Downtown Bangor Partnership Development Program for July 1, 2012 through June 30,
2013, based on a total Bangor Center Development District assessed value of $107,331,500. It also
establishes an overlay rate of $0.02 per $1,000 of valuation for a total assessment rate of $0.53 per
$1,000 of valuation. This rate is unchanged from FY 2012.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
Passage
First Reading
Referral
Department Head
City Manager
Finance Director
Cily Solicitor
Page _ of _
12-189
May 30, 2012
Assigned to Councilor Blanchette
CITY OF BANGOR
(TITLE.) ORDER, Establishing the Amount of the Tax Rate and Overlay for the
2013 Fiscal Year for the Bangor Center Development District
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR 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 valuation; and
BE IT FURTHER ORDERED, THAT
an overlay in the amount of $0.02 per $1,000 is herely assessed upon said real property.
IN CITY COUNCIL
May 30, 2012
Motion made and seconded for passage
Motion Doubted
Vote: 8-1
Councilors Voting Yes: Baldacci,
Blanchette, Durgin, Gratwick, Longo,
Hawes, Sprague, Weston
Councilors Voting No: Gallant
Passed
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