HomeMy WebLinkAbout2006-05-22 06-192 ORDERDem No, 06 192
Dale: May 2i. x006
Item/Subject ORDER, Establishing the Amount of the Tax Rate and Ovedy for the
2007 Fiscal Year for the Bangor Center Development DlstHct
Responsible Department: Community O Economic Development
The attached Council Order establishes an assessment rate of $0.51, the assessment rate needed to raise
the $98,760 requested to Pond the Bangor Center Management Corporation based on an estimated total
assessed value of District property of $92,000,800. 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 rate Is unchanged
from FY 2006.
Department Head
Managers Comments:
This has been reviewed and is recommended by the business and Economic Development Committee.
Budget Approval:
FlnaIkID recm r
Legal Approval: 46
Solicitor
Introduced for
X Passage
_ First Reading Page _ of _
Referral
06 192
Assi@udroCouncilor mrrmtit a May 22. 2006
CITY OF BANGOR
(TRLE.) ORDER, Establishing the Amountofthe Tax Rate and Overlayfor the
2007 Fiscal Year for the Bangor Center Development District
BE IT ORDERED BY THE CRY COUNCIL OF THE CITY OF BANGOR THAT all real
property in the Bangor Center Development District that is 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,Q2 per $1,0W is barely assessed upon said
real property.
IN CITY COUNCIL
May RR, YBBA
Notion Bade and seconded
for Passage
Pas
-Gily "tKK
a OA -tax
I RDeD
(fPfLgl establishing Clio Amount Of the
Tar ante avA Overlay for�Rb6i'�iSeal
Year Of the Ba r Center Developmnt
District
Avignedto Comadw 5/�m
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