HomeMy WebLinkAbout2004-04-12 04-113 ORDERCOUNCIL A Ox
Item No Da -I13
Who: 4 -12 -0
Item/Subject ORDER, Amending Council Order 03-225, Authorizing the Issuance of $7,757,100
Aggregate Principal Amount of Gereeral Obligation Bonds, Notes in Anticipation Thereof and a Tax
levy Therefor
Responsible Department: Finance
The attached order will expand the authorized purl of Council Order 03-225 to induce the purchase
of land for the Police Department or other municipal purpose.
Depamnent Head
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City Manager
Associated Information
A public Hearing must be held prior to action on MIs Item. Six affinnadve votes are required for passage.
Legal Approval:
L
Finance Director
Cil licimr
In acchiced Por
_ Passage
X First funu icy Page _ of
-X RefeDal- W Flnance Committee
Assipedm Cooaeiln Nealley April 12, 2004
CITY OF BANGOR
(m1EJ ORDER, Amending Council Order 03-275, Authorizing the issuance of $7,757,100
Aggregate Principal Amount of General Obligation Bonds, Notes in Anticipation Thereof
and a Tax levy Therefor
WHEREAS, an September 8, 2DD3 the City Council of the Oty of Bangor adopted Order
03-275 (the 'War Order') authorizing the issuance Mate Otys general obligation bonds in the
aggregate principal amount M $70757,100 (Me "Balls') for Me Projects defined in the Prior
Order; all
WHEREAS, the City has dedres to amend said Pilar Order as Provided herein;
NOW, TNERFFORF, by the Oty Council of the Ory M Bangor, he it hereby:
ORDERED,
1. THAT the Project, as defined in said Prior Order, be amended to include the
aoquetion M land in furtherance of the Projects or for other municipal purposes.
L THAT the final maturity data for the Bonds be a date not to exceed 25 years
from the issue date.
L THAT, In all other respects, Order No. 03-275 S hereby ratfied and confirmed
and inceryarated herein by reference.
IN CITY CO➢9CIL
April 12, 2006
First Pealing
Referred to Finance
Camittee
CI
IN CITY COUNCIL
April 26, 2004
Motion Made and Seconded to
Openohblic Hearin. Public
Rearing Ceased. No ov
from the Public came
forward. Nation Node and
Seconded to Close Public
Reariag. Public Nearing
Closed.
Notion Node and Secoeded
for Passage
Passed
CI C LR
(TITLEJAmeading Council order OY273,
Authorizing the Issuance of J,J ,
Aggregate Principal Avouat of Central
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Thereof and a Tar Levy Therefor
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