HomeMy WebLinkAbout2007-02-26 07-096 ORDERItem No.
07 056
Date: 2-26-07
Item/Subject: ORDER, Authorizing the Issuance of $2,375,000 Aggregate Principal
Amount of General Obligation Bonds, Notes in Anticipation Thereof,
and a Tax Levy Theefare. -
Responsible Department; Finance
Commentary:
The attached order will autrome the City to issue up m $2,375,000 in general obligation bonds or
bond anticipation notes for the fallowing projects: Pickering Square Garage improvements,
reconstiticuon of Hammond St PaMng Dede and West Market Square Improvements.
These projects have been IdenbOed as the first set of projects Nat would be funded by the newly
formed Downtown Development District TlF District.
Marrager's Comments:
A public hearing is required prior to the vote on the order. 74Fr^`S^ra
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Associated Information
Budget Approval:
Legal Approval:
City Solidtor
Introduced for
Passage
rx First Reading Page _of_
,x_ Referral— Nnsrxe Committeeof March 5, 2007
ABaigned to Councilor Farrington 07 096
CITY OF BANGOR
_ x
(TITLE.) ORDER, Authorizing the Issuance of $2,375,000 Aggregate Principal Amount
of General Obligation Bands, Notes in Anticipation Thereof, and a Tax Levy Therefor.
BE IT ORDERED BY THE CITr COUNCIL OF THE CITY OF BANGOR,
THAT Pursuant W 30-A M.R.S.A. §5772, Section 13 of Article W of the My Onarter
(Private and Spectal laws of 1931, (hapten 541) and all amendments thereof and acts additional
thereto, and all other authority thereto enabling, there is hereby autiwdzed the Issue and sale
atone time and from time W time up to Tvm Million Three Hundred Seventy-five Thousand
Dollars ($2,375,000) aggregate principal amount of general obligation bonds of the Cry of
Sanger. The proceeds derb ed from the sale of said bonds, Including premium, if any, shall be
used and are hereby appropriatedW pay a portion of the cosh (as herein defined) to design,
construct and equip or W acquire and install the following project (the "Pmt:
estim.ud
Deacriodon Amauot
Line
Pickennggquare Garage
$375,000
20 Fears
Rnmrtmctiov ofHammod St Parking Deck
$1,000,000
20ymrs
Wert Market Square lmpmvemmte
$1,000,000
20 yens
TH,kT the eatmiatd weighted period of author far the property cargo" rhe Project to be
fimvcd with the proeeds of and bonds is hereby automated to be the peril oftime uxim eta above
fineachofihePmjn[-
THATthedate, mmdnn (wt to nceedthemuimmntem.permihd by law), dmomitaemis,
intent ntemmtn (not ro exceed g.OM40 peannam), plate ofpaymewl and othmde lis of continue
of and bounds, gaining the timing atMprovivon neutral not oral awed and the winning of an
Caduwntn, "I bedetmntined by the Fgan a flirecbr with the approval ofthe Firence Commineeevd
the Cravmm of the City Comcil.
010094
fees and ex ber;ea Waling to We financing transaction; and (11) the cost of all other financing authorized
hereunder, whether Wath or unreatei to the foregoing.
MAT the invwraw eamwgs on the procec aofthe bonds, if my, awl the excess proceeds of
the bomdq if any, be trail hereby are appropriated for the following pugpre ssuch pm ds to he held
anal applied w the following order of priority:
1. To any mus bribe]Pncnw rd meas oftheprincipal ancwt of the bores;
2. Hthe bonds or notes are iseuedm a lax exempt basis, in accordance with applicable
tetras and provisions of the Anbiimge and Use Ofl'moeeia Certificate delivered in
comantion with the We of the bereft or nates wcludivg, w the extent permtmre
thmemder, to the City's Gmwi Fund.
THAT the Finance Director, Chaimw of the City Ca L Clark and other printer officials of
tM City be and hereby are, authmird and empowetM atits awe and an its behalf to do or cause to be
done A] such am and things as may be axasary or desirable at order to effmt the issuance, We, and
delivery of the bads and tortes as hareinbefae authorized.
THAT if the Finance D'vator, Chairman of the City Comcil, or Clerk are for any ransom
unavailable to approve ere execute the bads or my mlate35mrming docmcents, the person or pesetes
than acting in any inch capacity, wheffiseras an aasismm,a deputy, or otherwise, u authorizd to an for
such official with the swat a rad affect as if such official had himselfm herself perfom isuch M.
THAT in each of the years during which any of the bonds arc entstmdirng there shall be levid a
ax an an wount than, with arbor tevenuaa, if my, available kr that propose, shall be sufficient to pay the
interest on said bewails, payable in such yxars, are the principal of such bolls rretming in such ywrs.
07. 09(00
THAT upon each exchange or uamter of beads or notes, the City and number aged[ shall mate
a charge sufficient to cover my tax, fee, or othergovarurrtvml charge required to be paid with mepat to
such trmufa or unchange, and subsequent to the first exchange or transfer, the cost of which shall be
home by the City, the cost ofpraised" now, boads or rotes upon exchanges or wormers thereof shall be
paid by the person regaesting the sane.
THAT the bods all [rotes brad in anticipation thereof be ismed an either a taxable or a ms -
exempt basis, or a combination thereof, as derem nine tby the Finance Dhetor, with the approval of Ow
Foreign Committee.
THAT, if the bolls or notes, or any pati of them are issued on a ten correct basis, the officers
exeenting such bonds or nota be snd hereby arc individually authorizes and dilated to covenant all
cextityon behalf of the City that no pert of the proceeds of the issue and We of the bonds or notes
authorized to be issued hefemder shell be used directly or Nditeadly m acquires my secumie or
obligations, theacquismoa of which would cause such bonds or notes to be "arbitrage beads" within the
mooing of Section 148 of the hudue) Revenue Code of 1986, as amecdM (the"Code'h.
THAT, if the bonds or cotes, or any part of chosen, of a issued o u a rax exempt basis, the offices
aavting such binds or coda be and hereby are individually uthorized to covenant and ague, on behalf
of the City, for the benefit of the holders of such bonds or notes, that the City will file my rale i
rmone and take any other adon that may be necessary Merwure that interest on the bards or nota will
murder exgnpt from federal imome taznim and that the City will refrain fiom my ration that would
cause Ntveal on the bands or nota to be subject to budget inoome taxation.
THAT the officers executing the buds or notes be and hereby are individually subnormal to
crowereard, testify, and agree, on behalf of the City, for the benefit of the holders of ouch bonds or nota,
that the City will file my required reports, make my ental financial or material comet disclosure, and
take any other action that may be mreasry to insure that the disclosure requireroems wmoad by
Rule 15o2.12 of the Seconder and Exchange Cwmlavoq if applicable can ma.
THAT, if the bolls or Mea, or my pan of them, sten issued on a tax exempt bans, the Finance
Director be all hereby is authorized and empowered to lake all such action as may be necessary to
designate the binds or notes as qualifid sur -exempt obligations norputposes ofS Minn 265(6) of the
Codec it being the City Cowcli's usual Nat, in the extent femtittd cauda the Code, the bolls or
rota be Section 265(b) deaig a land that the Finance Ecramtor wish advice abed toansel, make the
requad Section 265(6) election with respat to such bonds to the extent that the elMim meq be
available and advisable as demeaned "a Finance Diremr.
THAT the tam"cost•' or "costs" as usd herein ad applied to the Froj and, or any porion
Urgent, outages, but is not Hurd to: (1)the pumheae price or saturation est of dl or any portion of
the proiM; (2) the cost of concentration, building, education, mlmgemmu, rewanuction, crowding,
improvemgq and equipping of the lhojM; (3) the cost of off eppwenacoea and other facilities either on,
sbovec or under the gaud which are used or usable in concession with the feeling; (4) the cost of
landscaping, aim preparation, and remodeling of any imDroveuents or fighting; (5) the met of all labor,
materials, building systws, machinery and refulgent; (6) the cost of IoM, grand", teal property
interests, fights, connotation, ed Gmerises acquired tacontracting with the grog M; (n the cost of
utility extorsions and site improvements and dareloprnenn (8) the cost of planning, devdopiog.
preparation ofspMficadoa, surveys, omsgwiag, feasibility studies, legal nod other professional
services asociald with the Ptojw; (9) the east ofcviromnental stdia and gawwwwgd s; (lo) the cost
of finaociog charges and issuance costs, including precursors for inmates, imerat prim to and during
constructions road. following completion of construction, for a peril not to exceed 3 years from the Issue
date thereof, urdecwdters' fres end costs, legal and accounting fees and costs. Winning fees, and other
07-09L
THAT the bonds herday authorized may be made subject to call for redemption, with or withom
a premium, before @e dale fixed for final pwymmt ofthebonds, as provided m 30-A M.M.A. §5712(6),
as amareaWad, as sban be determined by the Turner Dueetor with the approval of the Finance Committee.
THAT said bonds shall be signed by the Finance Director, camrersigred "a Chairman of the
City Courant], sealed with the sal of the City, arrested by its Clerk anal shall been such form and contain
snob terms and provisions not inconsistent herewith ss they may approve, their approval to be
conclusively evidmed by 06T attution thereof Any issue of bods may be consolidated with and
issued at the same tlme as any other issue of bods authorized prior to their isseme, said the bonds may
be divided into multiple sones and issud ur sefimle Plans offi utmdn& with the approval of the Finance
Committer and the Clwinen of the City Council.
THAT premed to 30-A M.R.S.A. §5772, Session 15 ofismole N of He City Charter and any
other authority thatto emblin& the Thence Director, with apprised of the Fiction Committee and the
CTehnau of the City Council, is hereby, authonad to favor temporary bonds or notes of me City m
adripmian of We forgoing bond issue, said bonds to he shared by the Finance Director, couraersignd
by the Chairman of the City Council, sealed with the seal of the City, arrested by its Clerk, and otherwise
to be in such form and coswin such team and provisions including, without limitation, maturities (not m
erred 3 years from the issue date), demmrdmtiovs, interest ate or rates (not in sound 8.00%per
career), place ofpaymev4 and other details as they shall approve, thew approval to be conclusively
Militarist by their orientation therm
THAT any bods or notes (including bonds or antes in renewal thertvft aoHprized W be issued
under this Order ray beissud in combination with bonds or notes (ireluding bonds or rates in renewal
thereof) authorizd ve be isamd by the City Council at anytime prior to the date of issuance of such
boMsornotes.
THAT rhe Finmrce Director be end hereby is authomizd to select the registtar, paying agent, and
transfer agent (the"Transfer Agmf7 tombs bonds and notion and to eoecme ®W deliver such contracts
and agreements as may be necessay or appropriate to secure their smvices.
THAT the bands and rotes shall he answerable only on the registration books of the City kept
by me Transfer Agent in rmuimumdenomirretiota approved by thea Fireman Director, and said principal
ammmt of the bonds ad notes of the were memory (but rot ofotha memory), upon surrender thereof
the principal office of the Transfer Agent, with a writers instrument of transfer salisfnrory o the
Transfer AMt duly executed by they registered owner or his or her arromey dWy embarked in writing.
THAT in lieu of physical certificates of the brands sed votes breeinbolme authorized, the
Finance Director be and hemdly is authonud to undertake all acts necessary to provide for the isserace
and m ember of such bonds ad rtes in bswk�uy more puneat to the Depositary Trust Company
Book-Eauy Only System, as an atemadve to the provisions of rhe foregoing peas mph regarding
physical roost ofbonda and the Fwarce Dhxrm be and hereby is sitharizd aW smpowesd to enter
into a Lester of Representatives or any other carom, agremned aunderstmWing mueessary or, in his
opuuo4 appropriate in order to codify rho bonds for end pmtsminite in the Depository Train Company
Book -Entry Ody System;
THAT the Finance Division and Chairman of the City Crural from time to time shall execute
such bonds or notes as my be required mpurvide for exchanges or hamsters of bonds or notes as
heretofore authorized, all such boards ornotes to bear the original alimentary of the Fhamce Director and
Chairman of dee City Council, and w case any officer of the City whose signature appears an any bol or
note shell cease to be such officer before the deliver of said bond or rote, such signature shall
nevertheless be valid ad efficient for all pmPoaer, the same as if such officer had remained in office
etil delivery thereof
07-096
fee Amended)
CITY OF BANGOR
Jd
(TITLE.) ORDER, Authorizing the Issuance of $1,375,000 Aggregate Principal Amount
of General Obligation Bonds, Notes in Anticipation Thereof, and a Tax Levy Therefor.
BE IF ORDERED BY THE CIT/ COUNCIL OF THE CITY OF BANGOR,
THAT pursuant to 30-A M.R.SA §57TL, Section 13 of Article W of the W Charter
(Private and Special Laws of 1931, Chapter 54) and all amendments thereof and acts additional
thereto, and all other authority thereto enabling, tilers Is hereby authorized the Issue and sale
at one time and from time to time up to One Million Three Hundred Seventy-five Thousand!
Dollars ($1,375,000) aggregate principal amount of general obligation bonds of the Ory, of
Bangor. The proceeds delved from the sale of said bonds, refusing premium, H any, shall be
used and are hereby appropriated to pay a portion of the costs (as herein defined) to design,
construct and equip or to acquire and install the following project (the "Project):
Esthtrated
DereHmfon Amovet Idle
Pickering Square Garage W5,000 20 years
Ra:omwction ofHmanrond St Padcivg Deck 51,000,000 20 years
THAT the estimated weighted period ofutility for rise property continuing Project to be
Financed with the proceeds of said bonds whereby detemrin dto be the period of time beheaded atwve
fa welt of& a Project.
THAT the&it maturiBes (cot to exceed the maximum tam parodied by low), deromivetiatw,
interest cote or rates (not to exceed 8.00S aurum) Place of payment, and other details ofaw h issue
of said bonds, including the entire sed provi ston for their We and award and the selection of an
Leel r, sball be determined by the Finance Issecim with the approval of the Finance Cmnmiaee nod"
the Cbvrmm Md,e City Crmcil.
07 056
fees rod «peones nidation to the 5vociug transaction; and (11) the mar of all other financing authorized
hereunder, whether mJatei or unrelated to she foregoing.
THAT the mvetmhat earnings on the proceds of the bonds, if any, ad she aces; procreds of
she bonds, if my, be east hereby are appropriated far the following purpcsm such proceeds b beheld
and applied in the lirflowing enter of priority:
1. To my costs of the projegm recess of the principal aroount of the bonds;
2. If the bards or notes are issued on a tax exempt basis, he accoidavm with applicable
tams and provisions of the Arldtrage and Use of eels Certificate delivered in
contraction with the safe of the bonds or notes including, to the atm penaihed
thereunda.rothe City'; (knell Fwd
THAT the Fieehace Director, Chainam of the City Council, Clerk, hall other proper officials of
the City be, had hereby are, authorized and amowaed in as name and on its behalf to do or cruse to be
done all such sets had range as maybeno esay or desirable in order to effect the bonarmce, sale, nerd
delivery of the bonds and note as hereirlefirreturaizd.
THAT if the; Fimace Dire kar, Charmer of the City Counah or Clerk are for my reason
unavailable to approve need execute the boasts or my related training documents, the person or persons
Wen acting in airy such capacity, whether as an asslrtm, a deputy, or othmvise, is authovd to req fol
such official with the mane form net affect as if such official had Itmself or herselfpvfamei such set,
THAT in each of the years during whioh my of the bonds ere ounteading, there shell be levied a
her m an tannin than, with aha sevwues, if any, available for that purpose, shall be sufficient to pry the
interest on said bonds, pryable in such yam, and Weprucipal of such bonds menuing an awls years.
07 056
TIl.4T upon each exchange or trarsf« of bonds or notes, the City and transfer agent shall malty
a charge sufficient to cover any ax, fee, or Aber goveanmanal charge restated in be paid with respect to
such transfer or exchange, and subsegamt to the feet exchange or moa err, ire cwt a which shall be
bone by dm City, the cost ofpieparing new bonds or mus upon exchanges or bawfes thermfshdl be
paid by the person requesting the were.
T T ted bonds and rtes issued in anticipation thereof be issued an either a notable oranx-
exeoptbards, or a combGmtim theses£, as detemdned by the Fierce slur Ser, with the approval offhe
Finance Committee.
THAT, if the bolls mmtew or my Part ofdum are issuedon a exempt Leis, the officers
ex«uting such bonds or notes be all hereby are individually adheimd and directed to covenant all
certify on behalf of the City that an Ian of the proceeds ofthe insm and sale of the bonds or asset
amhmized to be issued b«enid« "I be use t directly to honestly to acqube any securities or
obligations, the acquisition of which would cause suer bonds or votes to be "arbitrage binds" within the
meaning of Section 148 ofthe intwal Revenue Cade of 1986, as ammded(the"Code').
THAT, if the bonds or rota, or any pan of down, sees eased on a to exempt heels, the officers
xecnting awls bonds or Was; be and hereby are individually audwrb d to covenat and agree, no bduV
of the City, fie the benefit ofdre bidders of such binds wore; that the CRY will file say teetered
reports and take son, other seldom that may be nmessary to Mune that interest onsite bonds or nota will
vermin pimp from federal inmate taxatim and that the City will refrain from any action that would
carom Woman on the bonds or nota to be subject to feleml irmme taaation.
THAT the otficas exavting the border or nota be not hereby are ivdvadrally edhwixed in
vmant certify, all since, on bebdf of ibe City, for the benefit a the holden of such bonds or norm
dad the City will file req rryuind reports, oaks my sweat frsaial ornow iial event disebmr%and
take any offer wrote dad may be n ver ary to metre that the chnIcame ralnbmcents inrPwed by
Rule 15c2-12 of the Securities all Exchange Comndsam, if applicable, are mel.
TEAT, if the bonds or rotes, or any past of them, are based on a lax extend ban% the Finan «
D2hrector be and be6y 1s authmlZed and empowered b rare all Such action a9 may be insanitary to
desianate the bads or notes as qualified dx-exmpr obligariow fes pnrywes of Swoon 265(6) of the
Coda:it bong the City Council's ivtmtiov drat to the extent Permitted under the Coda, the hoods or
ads be Section 265(6) de ignaded and that the Fimoce Director with advice of bond counsel, make the
raquvad Secdm 265(6) elemioo with respect in such bonds to the extent that the election may be
available and advisable as determined by ire Finance Dnestur.
THAT the term "cost^ or "mels" as used herein and applied on the Proj«f, or any lane
thereof, include, but is are lirttibi to: (1) the prerelease price or acgdsitim cost ofaff or any pension of
the ProJ«t (2) des cost of construction, building, allocation, evlangeams, r«unstruction, renovadon,
improvement, and equipping of the Prolmd; (3) doe con of dl appunaarom and other Wines eitheron,
above, or under lite grour l which are used or usable in connection with the Project; (4)the cast of
IardxaDinB. aite Drzpamtion, and rermdelm% of my or facilities; (5)the met of berg,
arterials, bonding systems, machinery and agdpvav4(6) the cam of land, structures, mal ponj y
interests, rights, mwannts, and frambises acquisei in connection with the Frcjecl; (7) the cwt of dl
ut ityextensions and site inproveicents end deveRpmnt(S) the coat ofpRnnin&developing,
prepemtim ofapaifimtiaw, sswny mgineerin& feasibility studies, legal and other profavonal
scoleces asaeniated with the Project; (9) the mat ofmv'vommml=&asend essesmmms; (10) do: mm
offinauming charges and issuance comm. including presidents; fes ivmaaneq interest prior to and during
mwwetion and, following m Ieim of construction, frr a period ret to exceed 3 yensfrom the issue
date thmot nnd«mitm' bas and coast, legaland accomting Res and costa aDDiicarim fess, and nth«
07 096
T TtheboMs hereby mthodred my bemede subject to call far redempriom with or withrrs
a pmrdurn, befarethe dews fixed for fW paymW ofthebonds, asprovidel in A MKS.A. §5M(6),
as tons" as shall be daemdnd by the Finance Director with the approval of the Finance Commi ees.
THAT said Wads shall be signed byby the Chairmen of the
CitYCouacil, ami withshe SW of the CRY, coastal by its Clerk, sod shallbe N such form east eoINaia
such terms and provisions not inceititw Iwaewith re they may apppova their approval to be
mrohvvdYevidvred by
my exsutiondenof. AVYisane ofbmds mayW avtNidMed wNaaad
issuedm the wnetirce es eny othvisme ofboeda antMeroi privy Ne'vissuevice, anathe Wrals may
be Nvided Nto multiple series and issued in aepsao p4m of foruvcha& w.th Ne approval of Ne Finevice
Commince and the Chevmm of the City Costal.
THAT pmmwto 3 -A MRSA §57]3, Section 15 ofMide Wofthe CityChmtaaad airy
arbor mfity thereto enabling, the Finance Director, with approval of Fwmce Cummins andthe
Cbdrmaarofthe CityCouncihuhmyautlwrimdtoismetanpomrybmdsmmoloftheai ffi
eoticipatim oftlse Jawing bov l issue. said beeds m be signed by the Fa>nee Director, cqursneiQoed
by the Chdmm ofthe City Council, sealed with the rhe of the Cry, avesled by its Clerk and otherwise
to be at suchf east contain such mems card pmviuwt mlud'n,& withers larriation,m&udtia(arot to
eecced 3 years forest the area date), dmosdattims, iateren rate or rater; (not m exttd S.wo per
ararmn), place ofpaymmt, and other details as their shall aPpmva their appmvd to be conclusively
evidenced by then exewrim Nwmf.
TIIAT eaybands mantes (including bade or acres wreaewrl rascal) authorized 0 b issued
carder this Ofda may be issud in combination with bonds or antes (iududing brace or roles in renewal
thereof) m a lemized to be issued by the City Council a my time prior to the date of issuance of such
Weds areata.
THAT the Finance INaxctm be coal hereby is authorized to select the registrar, fraying alta and
bawler asset (rice ' Maher Agera') for the bards real notes sed to erceute and deliver such rnotrecta
and agreements as nary be necessary or appropi im to secure thou sariees.
TDAT the bonds aced notes shall be tmnsf ble only m the registration becks ofthe City kept
"a Transfer Agent in rrardmum dmonsitutions approved by the Finance Direcrnr, and sad potential
ariumb of the binds and notes of the seine maturity (ben are of other correctly), cpm smrmdv thereof at
Ne principal office of the Transfer Agem, with awrium ivsmman ofbertfer setisfctory to the
Trai Agent ddY «mated by the registered owner or his or her attorney duly autbmiird in writing.
TEAT m Iim of physical catifiWes atle bonds and robs eaNmitttl, Ne
Finance Director be and hereby is entherimd to undertake all sets necessary to poovide for dw issuance
aed transfer of such Weds and aroma in beoksotry form forecast to the Depository Trust Compamy
Soak -Petry Only Sye[en; asenalternadvea Ne provisions of Ne finegoivg pens®epb regarding
pbyscaltratferofbonds,endalt FNence Dhaarbeandherebyisaothoi andwpoweredmmhr
Nto a Letter ofRepresmNtion or eny Mha conbact. a®mnmt oruraletatandmg nsasary w, m his
opinion, appropriate mdv co qualifyere bends for and Pmticipsa wthe Dgtositorytrust Cnmp®ry
13rok-Praryodr satv een;
THAT Ne Fiomce DirecaraM Chaimtnofthe Gry Cmmcc foam time o rima shalt «meas
auchboMaoc �wtes ere mtYW raNbed to provide fcr«chevgea orvatfers o[Wvde marc®es
Chvhadicarmy anthorizetydCouncil, malin ocase etany officer toffice
igChittyy whosesignature
Fiarauce Direcormd
appmra on my bond or
mNshell cease abs and sufficient
for elle caries,desist bead mmte, such sigyetore shell
oevebalivar t otic and autficiaa lardy proposes, the awe an ifsuchoRaarhad mmained N office
until salivary Nam[
IN CITY COUNCIL
February 26, 2007
First Reading and
Referral to Finance Committee
of 3/5/ 7 at 5 P.M.
CI
IP CIn CARNCILH
NARTH 12. 2007
Notion Nude and Seconded
for Passage -
Notion Made and Seconded
to
None by Substitution
Pawed
Notion Made and Seconded
to Open
the Fubllc Hearing
Public Nearing opened
No we from the Public
nee forward
Notion Made and Recessed
to close
the Public Rearing
Public Heating closed
Motiou Made and Seconded
for
lease a As Amended
Pas d
TY C RR
• 07-096
RRygl Authorising the Issuance of
$2.375.000 Aggregate Priniclpal Amount
of General Obligation Bonds, Notes in
. anticipation Thereof, and a Tax Levy
Therefor
Aevaarocbasaror"�
PUBLICHPARDIG
CITY OF BANGOR
Cereal Obligation Bonds Not to Exceed $2,735,000
The Bangor City Council will Hold a Public Hearin at its Regular Meeting at 7:30 p.m.
on Mamhl2,2007inthe CityCouncil Chambemonthe3 floor of City Hall, 73 Harlow Street,
Bangor, Maine, for the Purpose of Hearing Public Comment on a Proposed Issuance of General
Obligation Bonds in the Principal Amount not to Exceed $2,735,000 to far the following
projects; Pickering Square Garage improvement, Reconstruction of Hammond Street Parking
Deck and Weft Market Square improvements.
A Copy of the Order will be Available to the Public in the Cry Clerk's office at Bangor
City Hall Prior to the Public Hearing The Public is Invited to Address the Council on this
Proposed Bond Order.
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