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.
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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