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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