HomeMy WebLinkAbout2005-10-24 05-351 RESOLVEItem Ne05 351
Date: October 24, 2005
Item/Subject: Resolve, Calling Upon the Choi of Bangor M Support Questions 4 and 6 on the
November Ballot— State Economic Development and Higher Education Bond Issues.
Responsible Department: City Manager
Commentary: Questl in 4 on the November ballot will authorize the Slate W issue $20 million in bonds
to stimulate economic growth and job creation through Investments in the Maine economy through
funding metlical research and development and related activities. It includes funding for the renovation
of Camden Hall on the University of Maine Bangor campus for the purpose of lousing a graduate school
for biomedical science. These state funds are projected to attract $44 million In federal and private
matching funds. A significant portion of the investments oiled for in Question 4 will be made in the
Greater Bangor Region.
Question 6 will provide state bond funds for building renovations at campuses of the University of Maine
System and the Malne Community College System, with a porton of these funds allocated to campuses
within Me Bangor region.
These bond issues will benef: our region through direct investment in the area, the potential for
economic development resulbng from research and development activities, and strengthening the higher
educational system to Insure a supply of highly educated workers.
The attached resolve wlll indicate Me support of the City for these two band issues. This has been
discussed by Me finance Committee, which recommends your approval.
Department Head
Manager's Comments: Recommend approval. '" 9h jllr
City Manager
Budget Approval:
Rnance Director
X Passage
First Reading Page _ of
Referral
05 351
s Assigned co T«me OCT 2 4 2005
ip CITY OF BANGOR
(TITLE.) Resolve, Calling Upon the Citizens of Bangor to Support Questions 4 and 6
on the November Ballot — State Economic Development and Higher Education Bond
Issues.
WHEREAS, Question 4 on the November ballot will authorize the State to issue $20
million in bonds to stimulate economic growth and job creation through
investments in the Maine economy through funding medical research and
development and related activities; and
WHEREAS, these state funds are projected to attract $44 million in federal and
private matching funds; and
WHEREAS, Question 4 includes funding for the renovation of Camden Hall on the
University of Maine Bangor campus for the purpose of housing a
graduate school for biomedical science; and
WHEREAS, a significant portion of the investments called for in Question 4 will be
made in the Greater Bangor Region; and
WHEREAS, the renovations proposed for the Bangor campus of the University of
Maine will support the City's long standing position that University
College of Bangor is an important resource in our community whose
future should be protected; and
WHEREAS, Question 6 will provide state bond funds for building renovations at
campuses of the University of Maine System and the Maine Community
College System; and
WHEREAS, a portion of these funds will be allocated to campus located in the
Bangor region; and
WHEREAS, a strong system of higher education is essential to providing the
educated workforce necessary for the future economic well-being of our
region;
0.5 351
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
BANGORTHAT
We call upon the citizens of Bangor and our region to support Bond Questions 4 and
6 on the November B, 2005 ballot. The funding that will be provided through these
bond issues will support our objective of improving the economic climate in our
region through significant investments in research and development and higher
education.
IS CITY COMCIL I _
October 26. 2005 05-351 i
Hatfoo sane and Seeoaded M
for Passage
Notion Doubted H H S 0 L V C
Vote: 6-1
Courtiers voting yea: Allen.
D'Errico, Farrington. Statue. (TITLE) Calling Upon the Cltaana of Mount tj�
Store S Tremble Supp92t QoeB[ion on t 9w ember Etf.lot
Comeilors voting no: Gratmick State 6tononic Development and Highei Education
Aha Caa6melL Uanes -Mad Issues i
Por
CITY
CLERK
- AvvigsW bCtuucilor� .