HomeMy WebLinkAbout2004-08-09 04-251 ORDERItem No. 04-251
Daft: August 9, 2009
Item/Subject Order, Referring an Order Entitled "Order Ratifying All Existing City of Bangor
Indebtedness" for a Public Hearing on Placement on the November 2 Ballot
Responsible Department Lepal
This Order refers on Order Ratifying All Existing City of Bangor Indebtedness to the
August 23, 2004, City Council meeting for a public hearing on whether the Order should
be submitted to the voters on November 2, 2004. This referral complies with the
procedures contained in the Chapter 18 of the Code of the City of Bangor regarding
initiatives and referendums.
Department Head
Manager's Comments:
Dty Manager
Associated Information:
Budget APPmral.
Rnance Director
Legal Approval:
City solicitor
Introduced for
Passage
_ First Reading Page _ of
Referral
04-251
Mnuie wcaw ilw csa6 a August 9, 2004
CITY OF BANGOR
(Tine.) ORDER, Referring an Order Entitled "Order Ratifying All Existing City of
Bangor Indebtedness" for a Public Hearing on Placement on the November 2
Ballot
Whereas, on November 2, 2004, the Citizens of the State of Maine will vote whether to
enact a citizens' Initiative entitled "An Act to Impose Limits on Real and
Personal Property Taxes," more commonly known as the Palesky Initiative;
and
Whereas, if passed, the Palesky Initiative would limit property taxes to 1% of the
assessed value of property; and
Whereas, reducing the City of Bangor's tax ate to 1% of the assessed value of property
as provided for by the Palesky Initiative would devastate the CiWs ability to
provide essential services; and
Whereas, the Palesky Initiative would exempt from the 1% cap the payment of interest
and principal on indebtedness approved by the voters prior to the effective
date of the initiative; and
Whereas, approval of all existing indebtedness of the City of Bangor will mitigate the
Impact of the Palesky Initiative on the City of Bangor in the event that it is
enacted;
NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR
THAT:
The attached order entitled "Order Ratifying All Existing City of Bangor Indebtedness"
be placed on the August 23, 2004, City Council Agenda for a public hearing regarding
whether the Bangor City Council shall submit the order to be voted upon at the
November 2, 2004, municipal election, and the City Clerk is hereby directed to post ]-
day's notice of said hearing.
AuignedroCauncib
CITY OF BANGOR
(TIRE.) ORDER, Ratifying All Existing City of Bangor Indebtedness
Whereas, on November 2, 2004, the Citizens of the State of Maine will vote whether to
enact a citizens' initiative entitled "An Act to Impose Limits on Real and
Personal Property Taxes," more commonly known as the Palesky Initiative;
Whereas, if passed, the Palesky Initiative would limit property taxes to 1% of the
assessed value of property;
Whereas, reduang the City of Bangor's tax rate to 1% of the assessed value of property
as provided for by the Palesky Initiative would devastate the City's ability to
provide essential services;
Whereas, the Palesky Initiative would exempt from the 1% cap the payment of interest
and principal on indebtedness approved by the voters prior to the effective
data of the initiative; and
Whereas, approval of all existing indebtedness of the City of Bangor will mitigate the
impact of the Palesky Initiative on the City of Bangor in the event that it is
enacted;
NOW, THEREFORE, BE IT ORDERED BY THE Clay COUNCIL OF THE CITY OF BANGOR
THAT:
The Bangor City Council shall submit the following to be voted on at the November 2,
2004, municipal election:
"Shall the following Order be adopted?
The voters of the City of Bangor hereby ratify the prior salons of the
Bangor City Council in incurring all currently existing indebtedness of the
City of Bangor."
IA Cin MMCIL
August 9, 2006
Motion Made and Seconded for
Passage
Mtion Doubted
Vote: ] yea. 1 m
-Couscilors voting yes:
CasNrell, D'Errim, Farrington.
Graty ck, Palmer and Trouble
Caaneilar voting no: Allen
Passed
CIT( d
# O 251
{TITLE.1 Eeferrie�ft"r Entities
.«Order Itatifyfag�All Existing City of
eevgariadebcedn '-far a Eublic DearSuL'
op; Tlse-even[ nn ,ClreMbbeMer 2n 3nlla[
Aasignel to Councilor lntl^d�%DA/II/(�.Y
OV(A"`M