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
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