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HomeMy WebLinkAbout2002-06-10 02-249 ORDERItem NOya23jg Date: lune 10. 2002 Item/Subject: ORDER Establishing the Amount of the Tax Rate and Overlay for the 2003 Fiscal Year for the Bangor Center Development District ResNmlble Department- Community& Economic Development Commentary: The attached Council Order establishes an assessment rate of $0.51, the assessment ate veedal to raise the $39,372 requested on fund the Bangor Center Management Corporation based on an estimated and assessed value of District property of $77,200,000. It also establishes an overlay rate of $0.02 per $1,000 of valuation for a ental assessment ace of $0.53 per $1,000 of valuation. Ilia rate is unchanged from FY 2002. � eparlmen end Manager's Comments: City Manages Aw lated Information0'— \ Flounce Director I"uced for J� passage _ FIM Reading page _ of Referral 02-249 A igned to Councilor Fariiogtoa ]we 10. 2002 n CITY OF BANGOR TED 1111 (TLTLE.)Order, Establishing the Amount of the Tax Rate and Overlay for the 2003 Fiscal Year for the Bangor Center Development District 6+rrr,�ar,:mmn, r„+rnrrr.-m, •n: ORDERED, THAT all real property in Ne Bangor Center Developmeut District, subject to taxation, audit be assessed at a rare of $D.53- per $1,000 of valuation; and be it further ORDERED, THAT an overlay in the amount of $D.ty1 per $1,000 is bemby assessed upon said real property. IN CITY COUCIL i. June 10, 2W2 Nutine Node and Seconded p 02-269 Passed �CLE� nun R o (TITLE) establishing the Wawa[ of flee xs Ute and Overlay for flee 2W3 Fiscal Year for the Haugof Centel Development PsslOned to Councilor ,A/� / / VIVA -v