HomeMy WebLinkAbout2011-06-13 11-201 ORDERItem No, 11 201
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Item/Subject: ORDER, Establishing the Amount of the Tax Rate and Overly for the 2012 Fiscal Year
for the Bangor Center Development District
Responsible Department: Community& Economic Development
This Order would establish an assessment rate of $0.51 for next year, the same rate since F 1992. This
rate would provide $52,507 towards the Bangor Center Management Corporation/Downtown Bangor
PaMership Development Program for July 1, 2011 through June 30, 2012, based on a total Bangor
Center Development Mi d assessed value of $102,95],100. 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 2011.
Manager's Comments:
Associated Information; Order
Department Head
rn.B.Y l01 /Y�t ,
Ciry Manager
it Peerage
_ First Reading Page _ of _
Referral
_ z11 201
Assigned to Councilor Nealley June 13. 2011
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(I CITY OF BANGOR
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(RULE.) Order, Establishing the Amount of Ne Tax Rate and Overlay for Me 2012 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 D SII subject to taxation, shall be
assessed at a rate of $0.51 per $1,000 of valuation; and
BER FURTHER ORDERED, THAT
an overlay in the amount of $0.02 per $1,000 is herely assessed upon said real property.
IN CITY wmcm
lme 13, 2011
N tE N e a Seconded for Passage
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