HomeMy WebLinkAbout2001-06-11 01-245 ORDERCOUNCIL ACTION IJ
Item No. 01_265
Date: lune 11. 2001
Item/Subject: ORDER Establishing the Amount of the Tax Rate and Overlay for the
2002 Fiscal Year for the Bangor Center Development District
Responsible Department: Community DEcarmmic Development
The attached Council Order establishes an assesavmt rate of $0.51, the assessment rate needed
W raise the $41,597 requested to fund dw Bangor Center Management Corporation based on an
estimated total assessed value of District property of $81,562,700. It also establishes an overlay raw of
$0.02 per $1,000 of valuation for a tool assessment rate of $0.53 per $1,000 of valuation. This rate is
unchanged froun FY 2001. -
eparfinent
Manges Comments:
g�1 wQ(
City Manager
Associated Infommtion:OA-LI
Budget Approval:
(& Finance Director
Irttrpaaced for
passage
R fe Reading Rage _ of
Referral
AeeignW wCowcilm Crovley S®e 11, 2001
CITY OF BANGOR
(TLTLE.) Order, Establishing the Amount of the Tax Rate and Overlay for the 2002
Fiscal Year for the Bangor Center Development District
By the aty Conran/Ofthe 6fydbufl9 .
ORDERED,
Tx T all real property in the Bangor Cwutt Development District, subject to
taxation, shall be assessed at a rate of $0.51_ per $1,000 of valuation; aM be it further
ORDERED, THAT an overlay in We amount of $0.02 per $1,000 is hereby assessed upon
said real property.
tB CIPY COOPCIL
Juve I1. 3p11
tloCion Made evd Seeoaded
for passage
Passed
CITT
MTLEJ asfabliamoe the moaot of rue Tax
Bate aad overlay for the 2002 Haeal Year for the
Beagor Center Developoeat 0istriet
Msigned to Councilor
4e y;Alvi