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HomeMy WebLinkAbout2002-12-09 03-30 ORDERItem No. 03-30 Date: December 9, 2002 Item/Subject: ORDER - Establishing a Trust and Agency Account for the Bangor Skate Park Responsible Department Parks & Recreation Commentary: After nearly three years of fund mising try hundreds aarea teenagers, and thanks to the genemady of numerous busirle55°s, organizations and individuals $41,451.90 was raised for the purchase of equipment for the City of Bangor's Skate Park. The City awranded appmxmatdy $ 40,000 In provide a pad and other amenities to create a Skate Park in Paul Bumsan Park on Mein Street. Eastern Maine Chortles agreed to hold and manage me funds mind all the equipment was purchased. The first mund of equipment was purchased! in the spring of 2001 and Bangor's Skate Park oFw'alIV opened on June 261^. with a Ribbon Cubing Ceremony. The second and final purchase of equipment was in the spring of 2002. The cost of equpment was W,493 plus indirect costed $1,240.92 for a total expenditure d $ 35,241.92, having a balance of $ 5,209.98 to he usad for maintenance of the Skate Park. This order establishes a Trust and Agenw Account In whi01 W deposit the balance of the funds as wall as the ceipt of ful command. Thereby providing a source of funds for the purchase of rea is and maintenance of the Skate Park by the Department of Pares & Recrez4an. Department Head - Manager's Commands: This Order was reviewed by the Finance Committee 12/4/02. Your approval is rem Manager AssociatedInformation: /- BudgetAppmraL Finance Director Legal Approval: iry Solicitor _X_ Passage First Reading Page _ of _ Referral atea Assigned WCouncilor Tremble Decanter 9, 2002 rRe CITY OF BANGOR (UTILE.) ORDER, Establishing a Trust and Agency Account for the Bangor Skate Park By the DZy CowrcBofthe Ory of all WHEREAS, the Bangor Skate Park Ummeee raked$ 41,451.90 for the purchase and miniatures of equipment for the Bator Skate Park ant; WHEREAS, Eastman Maim Chanties volunteered to manage the fords and all equiPm et was purchased and; WHEREAS $ 35,741.93 was expended far the purchase of equipment and wi inect cast and; WHEREAS at this Bme all equipment has been punchasrd end! placed In Be Skate Park limmiO a balance of $ 5,709.98 In the account HOW, THEREFORE, BE U ORDERED, TIWT: Brae is hereby established a Trust and Agency Aceuunt for the maintenance of the Bangor Skate Park. FUMs may be egmded fmm this account for the purchase of replacement parts, mateNl and labor for main repair and upkeep of the State Park. Wme or usual purchases must have prbr auMorimtian of the any Cnunnd. The balance of $5,709.98 and all Mum Skate Park donations all be placed In this account w CITT COD IL December 9. 2002 Hotton Made and Sao d for Passne Passed C T4 CL�H k 0}30 0 R V ER (TIRE,) &ttab3fshtng n Haat am AMeaty p Coapt fox the eevVr State Park Asslg� M C9aMCW 11-�(j&i,1c PW/.. W4