HomeMy WebLinkAbout2005-05-23 05-173 ORDERItem No 0 123
Dace: May n.2005
Item/Subject: ORDER Fstablisbing the Amount of the Tax Rate and Overlay for the
2006 Fiscal Year for the Bangor Center Developmart District
Responsible Department: Community & Esasno nk Development
Commentary:
The attached Counted Order establishes an assessment rate of $0.S I, the assessment rate needed to
raise the $46,314 requested to fund the Bangor Center Management Corporation based on an estimated
total assessed value of District property of $90,812,500. It also establishes an overlay rate of $0.02 per
$1,000 ofvalustion for atotal assessment rare of$ 0.53 pa$1,000 ofvalumon. This rate is unchanged
from FY 2005.
ce ent Head
Mange's Comment:
Assotlxted Information:
Finance Director
IMKed for
passage
_ First Re uliN page _ of _
Referral
Assigned to Mcilor Haves flay 23. 2005
r ..h.
ho CITY OF BANGOR
(MU.)Order, Establishing the Amount of the Tax Bate end Overlay for the 2006
Fiscal Year for the Bangor Center Development District
By the Q'ty Coorscil of die Gty OfEaryrm.
ORDERED,
THAT all reel properly in Ne Bangor Center Development District, subject to
taxation, shell6e cussed atam[e of$05l pu $1,000 ofveluatron; and be i[fur0rer
ORDERED, THAT an overlay in the mount of 0.02 per $1,000 is hereby assessed upon said
real property
r
Ma_CI. 0009CIL
May 233. 2005
Motion sage avd Setoaded
for Massage
Masud
Ia1na YYIi�� _w
DePOTY CIY4 Cf.BSH
# 05-173
n R ea
(TITLE) Establishing the anwat of the
Tax Me and Overlay for the zoub F=
Year £or the Hangar Canter Developent
WSIMIR
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