HomeMy WebLinkAbout2004-05-24 04-150 ORDERItem No. W-150
Date: Mav 24. 2004
Item/Subject ORDER Establishing the Amount ofthe Tax Rate and Overlay forthe
2005 Fiscal Year for the Bangor Center Development District
Responsible Department Community R Economic Devehopment
commerMary:
The attached Council Order establishes an assessment rate ofS0.51, the assessment raze needed to
raise the $40,961 onuesuxl to fund the Bangor Center M lament Corporation based on an estimated
totalassessedvalueof Dist &Xopertyof$80,316,200. It also establishes anoverlayrate of$0.02per
$1,000 of valuation for a total assessment rate of $0.53 per 51,000 of valuation. This rate is unchange!
from FY 2004.
Manager's Comments:
ON Manager
Associated Information:
Finance Director
4f
In_rpced for
passage
_ First Reading page _ of
Referral
04-150
A9signcd to Councilor D'6aico May 24, 2004
CITY OF BANGOR
CrME.)OrGer, Establishing the Amount of the Tax Rate and Overlay for the 2005
Fiscal Year for the Bangor Center Development District
By the Oty CounoY & fhe City ofBanger:
ORDERED,
THAT all real property in the Bangor Cmtu Development Distinct, subject to
taxation, shall be assessed at a rate of $0.51 per $1,000 of valuation; and be it fuller
ORDERED, THAT an ovulayin the amount of$0.02 per $1,000 is hereby assessed upon said
real property.
lA CIY4 COOYCIL
May 26. 2004
rociam xaae � seeamaea
foc Passage
Passed
CI YC
(TITLE,) Ratabliehing the Amount of the Ta
Rate and Overlay for the 2005 Fiscal Year
for the Senor Center Development District
Assigned to Coonollor