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HomeMy WebLinkAbout2008-04-28 08-155 ORDERCOUNCILACRON Date: ApeItem Me.l za, zoos ()R 1.5 ) Item/Subject: ORDER, Authorizing Application W the State of Maine for Municipal Investment Trust Funds Responsible Department Community & Economic Development Commentary: PULBIC HEARING —Priorto vofmg on this Order, the Council is required W hold a Pudic Hearing on this application. This Order authorizes and directs the City Managerto submit an application W the5tate of Maine Department of Economic & Community Development for $500,000 from the Municipal InvestmentTmst Fund, a program that provides communities with funds to help meet public infrastructure and downtown improvements needs. These funds would be used for infrastructure for the Downtown Bangor Waterfront Parc The City was limited to submitthis application by the Maine Department of Economic &Community Development, and the Business & Economic DevelopmentCanmittee has reviewed and recommendsdtatapplicapon farthesefunds be made. Department Head Recommend approval. ` City Manager Finance Director City Solicitor Introduced for X Passage _ First Reading Page _ of _ Referral 58 155 F , K Aasigudw Councilor perdu rt April 78, 2008 .�a CITY OF BANGOR (TITLE.) ORDER, Authorizing Application to the State of Maine for Municipal Invesbnent Tent Funds WHEREAS, the Municipal Investment Trust Fund (MITE) Grant Program provides communities with funds to help meet their identified public infrastructure or downtown improvement needs; and WHEREAS, the Fund is intended to act as an incentive for local governments to Implement programs which: are part of a long-range community strategy; minimize development sprawl consistent with the Maine Growth Management Act; support the revitalization of downtowns, Improve deteriorated business districts and local economic conditions; and faster partnerships and encourage social and financial Investments between groups of public and private development arganizabons W address common community and economic development greeds; and WHEREAS, the City of Bangor is requesting $500,000 from the Municipal Investment Trust Fund Grant Program for infrastructure for the Downtown Bangor Waterfront Park; NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT the City Manager is hereby authorized to submit an application for funding made available through the Maine Municipal Investment Trust Fund Grant Program in the amount of $500,000, to take such actions as may be required to accept such funds as may W made available, and to carry out the activities funded through the Municipal Invesoneri Trust Fund. IB COP4 COUNCIL April 28. 2008 lfutioo Node and seconded to Open [be Public Hearing Public Hearing Opened On One from the Public Comme Forward Motion.Mede and Second¢ to Close he Pubullc Hearing Public Hering Closed Motion Mede and Secoode for passage Pamsoa i I pn_ UMM AAuthoavingeApplication [y [he Stet a Mme v�or �f—icapeTw! �t Trust punch