HomeMy WebLinkAbout2007-06-11 07-216 ORDERitem No, _fkP 216
Date: June 11, 2007
Item/Subjer ORDER,Establishing the Amount of the Tax Rate and Overlyfor the 2008fiscal Yearfor
the Bangor Center Development District
Responsible Departmrmb Community & Economic Development
The attached Council Order establishes an assessment rate of $0.51, the assessment rate needed to raise
the $99,296 requested to fund the Bangor Center Management Corporation bared on an estimated total
assessed value of Dismct property of $96,658,100. It aim 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 EY 2007.
Department Head
Manager's Comments:
This has been reviewed and Is recommended by the Business and Economic Development Committee.
Clty Manager
k6lnX4 A
Finance Director
city solidtm
Introduced for
Passage
_ First Reading Page_ of _
Referral - ..
07 2'16
T���\e-+" Assigoeib CAe0Cl10[B1anCbeCCe June els 2007
e. CITY OF BANGOR
(TITLE.) ORDER, Establishing the Amount of the Tax Rate and Overlay for the
2008 Fiscal Year for the Bangor Center Development District
BE IT ORDERED BY TRE CITY COUNCIL OF TRE 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.
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wage
pasAd ORDER
Taz Ante and Overlay for the 2008 Piacat
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