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Home My WebLink About2002-06-10 02-248 ORDERCOBNCIIACPION (Z? Item No. 02-268 Date: lune 10.2002 Item/Subject: ORDER Bangor Center Development District - Esraldwhment of hnplementtation Assessments Responsible Department Community& Economic Development Commentary: HEARING,. - Prior in voting on the attached Order, the City Council is required to hold a Public Hearing on the establishment of implementation assessments for the Bangor Center Development District. Prior to this hearing the City has fulfilled extensive statutory ounce requirements, including publication of descriptive of she aces affected anti the amximma rate of assessment a$0.53 per thousand dollars of assessed value as of April 1, 2002. This was published In 0e Baugor Daily News on May 31, 2002. This assessment will be levied far a oncyear program commencing on Ady 1, 2002 and ending on rune 30, 2003. The progress] budget for the Bangor Center Managemem Corpormio i for the 2002-2003 Program is $45,003 and rhe City has been requmed to mise the amount of $39,3T2 from taw hademepmtim xssesunems on properties located or the Bangor Cerner Development District. The remainder is a projected carryover Ooth 2001-2002 of $3,731, rad budgeted revenues of $1,900. Pdpartniont Head Manager's Commda e:'6t gT V b�ic /7earin5 Cltv Mr Associated Information: O ja( i 6. 0 to ior I Iuced for Passage _ First Reading Page _ of _ Referral 1=_^ Assigaedb Cowtilw YaLei June 10, 2002 1 _ CITY OF BANGOR (TITLE.) Order, Bangor Center Development District - Establishment of Implementation Assessments sl ORDERED, THAT the am of $39,392 be assessed to AM the operation of the Bangor Center Development District for the period beginning July 1, 2002 and ending on June 30, 2003; and be it fuller ORDERED, THAT said sum be assessed against properties in the Bangor Center Development District; and be it further ORDERED, THAT mid assessments shall be due and payable to the City of Bangor on or before September 16, 21102 with interest to accrue at an mount race of 8.75% from September 17, 2002 on all of said assessments remaining unpaid after September 17, 2002; and be it brother ORDERED, THAT assessments be hereby committed m the Tax Collector of the City of Bangor for collection in accordance with the authority established under 30-A M.R.S.A. Q 5255(5); and be it further ORDERED, THAT said Tax Collector is hereby authorized and directed to take all necessary action for the collection of said assessments as may be provided by law. IX CM COUNCIL June 10. 2002 fiction Nude and Secended to Open Poblie Nearing. Public Hearing opening. No one free the Public awe forward. Norton fade and seconded to Close Public Nearing. public Hearing Closed. flottoa Nade and seconded for Passage Pose--\"Ed� Cf.�C N 02-248 (TITLE.) Naogor Center 0eveioprent District Esta 11samewnt o to Assigned to Councilor YfjaujI fe May 31, 2002 TO: Business& Ecemmic Development Committee FR: RodMKey, Director of Community& Economic Development RE: Re -authorization of Bangor Center Development District Funding CC: Edward A. Barren, City Manager Gail E, Campbell, City Clerk There are four City Council Orders and two public hearings necessary to rominue finding of the Bangor Center Development District through the Bangor Center Management Corporation. These are scheduled for required public hearings and consideration at the lune 10, 2002 City Council meeting. The first public hearing is m consider adoption of the proposed Development Program and Budget to be implemented within the Bangor Center Development District. Notice of this hearing was published in the May 31,2002 edition of the Bangor Dally News. The notice included the date, time and location of the public hearing; a legal description of the district; the maximum true of assessment of $0.53/$1,000 of valuation for a one year period beginning July 1, 2002; and notice that the proposed Gat of Properties to be affected is available in the City Assessor's Office. The second Public hearing will be to consider implementation aneasments on Properties within the District The public notice (same as above) was published in the May 31, 2002 edition ofthe Bangor Daily News that included a description of the mea to be assessed and a maximum rate olusawamem per tbousand dollars of assessed value. The City Council Agenda sahuence for the required public hearings and four Council Ordem should be as follows: I - Public Hearing on the Municipal Development Program and Budget for the Bangor Canter Development District 02- ORDER- Adopting Municipal Development Program and Financial Plan for the Bangor Center Development District HEARING -Public Hearing on the Establishment of Implementation Assemmcrdi for the Bangor Carter Development District 02 ORDER- Bangor Center Development District - Establishment of Implementation Assessments 02- ORDER- Establisbing the Amount of me Tax Raze and Overlay for the 2003 Fiscal Year for the Bangor Center Development District 02- ORDER- AuthonvngastanionofContmetwith Bangor Center Management Corpmahon. The budget proposed by the Municipal Development District Advisory Board and the Bangor Caner Management Corporation is $45 003, $39,372 ofwhich is proposed to be raised from implementation assessments on property owners within the District, $3,731 way -over from FY2002, and $1,900 in other revenues. The special assessment rate needed to fiend the $39.372 district budget from implementation assessments in the coming year is$0.51 per$1,000 ofassessed value based on an estimated total district assessed value of$771N.000. An overlay rate of$ 0.02 per $1,000 of assessed valuation is recommended, resulting in a trust implementation assessment one of $0 53 oer $1,000 of assessed value, ted annum indicated in the public hearing ounce as the "Maximum Rene of Assessment" for [Ise period commencing on July 1, 2002 and ending on June 302003, A map ofthe Bangor Center Development District, comparison ofprior years' assessments and funding, and Bangor Center Corporation's FY 2002 Annual Report are attached. Attxhments: AS W I BANGOR DAILY NEWS I FRIDAY, MAY 31, 2001 Help Wmaed 2I0 Help Wmded 210 Help WmNed 210 OAIA�EMPANTIC�lEr LIVE IN NANNIES RESIDEWIAL�DIMMR All Ad IT "My IT older All, Fi I IND WAVOTTOW Ali 11normin, AwISH Oil 11 4fi.^� TIME MURAIL ON NO, JML REQ cg CAPTAIN My50M �lonlymM+3'aand .. timeardeandindri Oil a`pmr Mae My ��„,nyMlu °'" MPART �LUDERNEMN TIMIS NIGHT AUDIT OIL n.:n •HA Clan WHISPIL Ii Per & Sol OEM, MCA Vale lei �gi Am Al CrAll WH Efildh rental. rem%W l�M. ClU Ai roe rorex Rei yMCl R) In ° No FRONT w°: CIA 'MW SEEN NG�n:' a OTO DRIVERS NO Ph�C81190PAW SIT Irem'i ry`4±ai "µpnK'w :"Eam 02-248 F BANGOR DAILY NEWS I FRIDAY, MAY 31, 2002 Etl Leal l Nw0ea TY OF BANGOR NOTICE OF PUBLIC NEARING PLEASE TAKE NOTICE THAT IN lof III CtUdfl. AAda.PII Offoolad K ad CIT of A&A Indian SI �d erred m Nan AM, for paroal of lKI PINK, ,,N,t on a Far IN'e mdNl N,,l pWA,m, NOW N im own If of IN PAL FIKIo n PAL Cmunw . Sanr AT, Hall �neldwdwl