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HomeMy WebLinkAbout2008-05-28 08-198 ORDERMm 14% 08 198 Date: May 28, 2000 Item/Subject: Oli Establishing the Amount of the Tax Rate and Overly for the 2009 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 that has been In effect since FY 1992. This rate could provide $59,187 towards the Bangor Center Management Corporation Development Program for July 1, 2008 through June 30, 2009, based on a total Bangor Caner Development District assessed value of $106,250,000. 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 rale is unchanged from FY 2008. Department Head ManageYs Comments: This has been reviewed and is recommended by the Business and Economic Development Committee. Associated Information: Introduced for X Passage _First Reading Page—of— Refewl ,, 98 A mmximCouuacllor pyeetei Hay 28.200a +e CITY OF BANGOR (TITLE.) ORDER, Establishing the Amount of the Tax Rate and Overlay for the 2009 Fiscal Year for the Bangor Center Development District BE TT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT all reel 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 $1,000Is herely assessed upon mid real property. IW CITY mmem M y ;8.2000 Motion de asd Seconded far Pa sage Pan w b R OR -M fPT�LgI eamb11sbing the Anoant If the of the Termsfteray 2009 Fiscal Year for the Bangor Center Deve nt District AnIpW b ComdWr U�