HomeMy WebLinkAbout2000-05-22 00-208 ORDERItem No. w -V
Date: Man 22.2000
[tem/Subje - ORDER 9sheblisbing the Amount of the Tax Rare and Overlay for the
2001 Fiscal Year for the Bangor Center Development District
Responsible Department: Community & Ewmmic Development
Commentary:
The attach Council Order establishes an assessment rate of $0.51, the assessment rate needed
an raise due $42,226 requested to land &e Bangor Center Management Corporation based on an
estimamd total assessed value of District property of $82,796,900. It also establishes an overlay rate of
$0.02 per $1,000 of valuation for a total assesaaent rate of $0.53 per $1,000 of valuation. This rate is
unchanged from FY 2000.
Department Head
Manager's Comments: _f, _ten "ClftACrib
City Manager
Associated lnfotmation:ou�l
Budget Approval;
Of Finance Director
Cit Solitl[or
Introduced for
¢Passage
_ First Reading Page _ of _
Referral
l Asa pawl to Councilor L4wley ney 22, 2000
CITY OF BANGOR
(TITLE.) Order, Establishing the Amount of the Tax ]late and Overlay for the 2001
Fiscal Year for the Bangor Center Development District
6y the Qry Cbtm lofthe pry of&Wo:
ORDERED,
THAT all real property in the Bangor Center Development District, subject to
taxation, shall be assessed at a rate of $ 5L per $1,000 of valuation; and be it further
ORDERED, THAT an overlay in the amount of $0.02 per $1,000 is hereby assessed upon
said real Property. -
ID CITY COUNCIL
May, 22. 2000
Notion for Passage
Made and Seconded
RIP, Establishing the Amount of the
Tai Nate and Overlay for the 2001
Fiscal Year for the Honest Center
Development District
TTS L'�