HomeMy WebLinkAbout2000-11-13 01-25 RESOLVECOUNCILAMON
Item W.nr_as
bade: November a, 2000
Item/Subject: Resolve, Makie an Appropriabon from BK General Fund's Urdesgnated Fund Balance for
the Purpose of Providing a Challenge Grant in Support of Locating the University of Maine Art Museum/visual
Arts Center in Downtown ffangor
Responsible Department: City CouMl
Commentary:
The attached Resolve would fund the Cmllenge grant for locating me University, of Maine's Ad Museum in
downtown Bangor which appears uMer a separate item on this agenda. Funding would be pmvided from the
Cry's undesignated fund balance. This resolve would establish and fund a trust and agency account Por Mb
purpose. The funds would only be released once the condbions associatetl with this grant have been met ant
the Cornmunity and Economic Dewticpment Committee authorize the disbursal.
This Item need only he pissed should the Counol approve the challenge grant.
Department Hand
Manager's Comments:
City Manager
Associated Information: Resolve
Budget Approval:
Finance gredor
Legal Approval:
Introduced
passage
X First Reading
page_M
Referral r
X Refeal [O Finance
� neaignea to coavicetm- eon November ta, z000
CITY OF BANGOR
(TITLE.) Resolve, Making an Appropriation from the General Fund's Undesignated Fund Balance
for the Purpose of Providing a Challenge Grant in Support of Locating the University of Maine
Art Museum/Visual Arts Center in Downtown Bangor
THAT the amount of $400,000 is hereby appropriated from the General Fund's Undesignated
Fund Balance for the purpose of providing a challenge grant in support of locating the
University of Maine Art Museum/V6ual Arts Center In Downtown Bangor. These funds shall be
placed in a Trust and Agency account to be established by the Finance Director and shall be
released to the University upon a determination that the conditions associated with this grant
have been met and with the approval of the Community and Economic Development
Committee.
Iff CITY COUNCIL
Moveoher 13. 2000
First Heeding
Referred to Piamce
C ttee
CI C EHM
SM CITY COOMCIL
Movemher 27. 2000
Mating for Passage
Made and seconded
Passed n
am
k 01-25
HES w
(TITLE,) Mating an nypraprfatfaa from the cameral
Pool's Ondesigoated Fwd Balance for the purpose
of Proving, a Challenge Grant fo Support of
Locating the University of Mafne Art Museum
Visual Arts Center in Downtown Bangor
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