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HomeMy WebLinkAbout1999-02-22 99-90 ORDER_ COUNCIL AMION Date: Pebruary 22 1999 Itan NO. 99-90 Item/subject: Extending Purchase Option Agreement for Purchase of Bangor Waterworks — Eastem Maine Healthcare Responsible Department Community 6 8cononic Development Commentaryt By Council Order 98-150, on March 23,1998, the City authorized a Purchase Option Agreement with Eastern Maine Healthcare for the purchase of the Bangor Waterworks. The Agreement provided that the necessary permits for development of the site would be obtained and that the City would seek a modification of Maine Department of Transportation decision providing access to the site over the railroad trucks. The MDOT decision has been received and all permits secured except for the National Resources Protection Act Permit, and approval of building plans by the City and Bangor Historic Preservation Commission. The National Resources Protection Act Permit is pending and should be received shortly. The Purchase Option Agreement expires March 1, 1999 orders the parties agree to an extension. Tlds Order would authorize an amendment to the Agreement extending the option period to June 30, 1999. Approval is recommended. /n% Department Read Nanager'ss consumers: C*£D voro to 4UKeuN% a4 VCUFaeaG City manager Associated Information:© Finance Director Legal Approval: city so icieor Introduced For Passage ❑ First Reading O Referral Pag¢ 1 of 1 99-90 A sipped to Councilor Vardamts February 22, 1999 CITY OF BANGOR (TITLE.) (Order. ............... Extendng,purchase Optjpa Agreemcat Repurchase: ofBaugor.... Wazerw,pcks, Eastem.Maine Healfuve ....... ... By tde cam Coawail oftlb CRY offfm -- ORDERED, TUT WHEREAS, the City of Bangor and Eastern Maine Healthcare are parties to a Purchase Option Agreemem, as authorized by Council Order 498-150 passed by the Bangor City Council on March 23, 1998, for the purchase and redevelopment of the Bangor Waterworks; and WHEREAS, said Agreemem was extended to November 1, 1998 by Council Order 98-308 passed July 2],1998 to allow additional fine for obtaining perndts for the project; amd WHEREAS, said Agee nem was extended to March 1, 1999 by Council Order 98430 passed October 26, 1998 to allow additional time for obtaining permits for the project; and WHEREAS, the parties continue to work towards obtaining the permits necessary for the development of (be Bangor Waterworks; and WHEREAS, additional time is necessary to obtain the National Resources Protection Act Permit; NOW, THEREFORE, BY THE CITY COUNCIL OF TEf CITY OF BANGOR, BE IT ORDERED, THAT the City Manager, on behalf of the City of Bangor, is hereby authorized to execute a Third Amendment to the Purchase Option Agreement between Eastern Maine Healfcare and the City of Bangor f wend the option period to June 30,1999, said Amendment to be in a fmtm approved by the City Solicitor or Assistant City Solicitor. IF CITY WWQL Pebt u 22. 1999 Passed Z; TT 99-M ORDER Title, Pateodiog Purchase optiov Rgreemeot for Purc3aee of Hagoec Yatet its - Eastern Naive Eealthcare ... I ............................ ...................................... G,?.0 v �Iguodlo .up.......... ...... Cwneila�an 99-90 THIRD AMENDMENT TO PURCHASE OPTION AGREEMENT This Third Amendment to the Purchase Option Agreement, exerted in duplicate this _ day of ,1999 by and between CRY OF BANGOR a body cmrporam, of 73 Harlow Smell, Bangor, Penobscot County, Maine, and EASTERN MAINE HEALTHCARE, a corporation duty organized and existing under the laws of the State of Maine, having a principal place in Bangor, Penobscot County, Maine. WRNESS H WHEREAS, the City of Bangor and Easter Maine Healthra a are parties to a Purchase Option Agreement for the purchase of the Bangor Waterworks; and WHEREAS, said Agreement is scheduled to expire on March 1, 1999; and WHEREAS, said Agreement provides for the obtaining of permits fa the development of the Bangor Waterworks; art WHEREAS, the parties need additional time to obtain the necessary permits, NOW, THEREFORE, the parties hereto do mutually agree to amend the Agreement as follows: By deleting hour"2.Onion Period" the date March 1, 1999 art replacing it with the date June 30,1999. THAT except for the foregoing, mid Purchase Option Agreement between the City of Bangor and Easter Maine Healthcare would remain in full force and effect in all other respects between the undersigned. IN WITNESS WHEREOF, the parties hereto have set their hands and seals the day and year first written above. CITY OF BANGOR Witness Edward A. Barnett City Manage Y dtIJ,SG\I.IAD:C\N Y:(NilRd Witness Norman l,Mwin Chief Executive Officer