HomeMy WebLinkAbout1998-07-27 98-308 ORDERCOUNCIL ACTION
Item No. 98-308
Date duly 27. 1998
Item/Subject: Extending Purchase Option Agreement for Purchase of
Bangor Waterworks -- Eastern Maine Healthcare
Responsible Department: Community b Economic Development
By Council Order 98-150 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 an MDOT decision regarding the
use of the railroad crossing at the site. The railroad crossing
modification request is pending before HELP. The parties are
continuing to work towards obtaining the necessary permits for
development.
The Purchase Option Agreement expires August 1, 1998 unless an
extension is agreed upon by the parties. This Order would
authorize an amendment to the Agreement extending the option period
to November 1, 1998.
DeparjF nr
Manager's Comments:
Associated Information: Amendment
Budget Approval:
Finance Director
Ci cY Solicitor
Introduced For 44M
Passage
First Reading
Referral Page I of 4—
I{apco_ WaterworLs -- Ear Icrn Marne Lea-thcare
By tM City Cwu oft Gey ofBdn h
ORDERED,
TWT
iaiIEREAS, - e City of Hatter a n Mame Lealthcaro a e
pm_L109 r a TL-chaset
Option Agreement - - cc by Cenci -
0 -der 898- 1f0 passed by tiff Bangor C ty Correll on March 23, 1998,
for the purchase or. _hc Bangor WarerwoiLs; and
WnERFAS, said Agreement if ncheamed m expire Or A-agcs_ 11
1998; arc
WdrIFEAS, said Agreement prow ads that rhe C-ty is no obca-n
mCJl'lCd1ion of a MOO--nIroad crossing deciCf On regardl_in Lhe
road acencs
san
et the Bangor Waterworke and MOOT has yet to ac_ oil the
City'sr_vuesst; out
WheFFAS, the partes c c to wort = ontaini g
arils
Otho- orkE;pent-ts necessary Yo' the 3evc-opme¢ of whe Bangor
Wats rviorks; amdec
,cCEREAS, add'tional wlenecessary L Ohtaln the
1e
nodlficat on or r ra—roat armssrig aeaislon and to crtalc
necessary permits,
NOW, TP—RELOFE, by tte City Council of '_he C to Crf Bangor,
e it
02OERL3. 1'EA9' e City Manager, cn behalf Of Lhe City of
Fifc]ra 1s heonLy ao'cort re we exec rts an Amendment to t e
Cashare Opt afgo n Apexcendt he toptiorer apeT c Mete ve bar 1.e aid Lhe
ts Oi Bamgor to e -end the Optlm periby t0 November 1, ie 'l
aid A.endnent to be In a foam approved by the O --rte of LLe cl ty
Ecl-ci La r.
AmigrrM bl:ouncll nr Palmer muly 21, 1118
CITY
OF
BANGOR
(TITLE.) Mr�QT,
r.xe ding U1_ccase
Opt on.Ag
eemeat fo__earaiase of
I{apco_ WaterworLs -- Ear Icrn Marne Lea-thcare
By tM City Cwu oft Gey ofBdn h
ORDERED,
TWT
iaiIEREAS, - e City of Hatter a n Mame Lealthcaro a e
pm_L109 r a TL-chaset
Option Agreement - - cc by Cenci -
0 -der 898- 1f0 passed by tiff Bangor C ty Correll on March 23, 1998,
for the purchase or. _hc Bangor WarerwoiLs; and
WnERFAS, said Agreement if ncheamed m expire Or A-agcs_ 11
1998; arc
WdrIFEAS, said Agreement prow ads that rhe C-ty is no obca-n
mCJl'lCd1ion of a MOO--nIroad crossing deciCf On regardl_in Lhe
road acencs
san
et the Bangor Waterworke and MOOT has yet to ac_ oil the
City'sr_vuesst; out
WheFFAS, the partes c c to wort = ontaini g
arils
Otho- orkE;pent-ts necessary Yo' the 3evc-opme¢ of whe Bangor
Wats rviorks; amdec
,cCEREAS, add'tional wlenecessary L Ohtaln the
1e
nodlficat on or r ra—roat armssrig aeaislon and to crtalc
necessary permits,
NOW, TP—RELOFE, by tte City Council of '_he C to Crf Bangor,
e it
02OERL3. 1'EA9' e City Manager, cn behalf Of Lhe City of
Fifc]ra 1s heonLy ao'cort re we exec rts an Amendment to t e
Cashare Opt afgo n Apexcendt he toptiorer apeT c Mete ve bar 1.e aid Lhe
ts Oi Bamgor to e -end the Optlm periby t0 November 1, ie 'l
aid A.endnent to be In a foam approved by the O --rte of LLe cl ty
Ecl-ci La r.
IM = COUNCIL
July 27, 1998
Passed
98-308
ORDER
Title, Eetenaing Purchase option
Agreement for Purchase of Ranger Waeer-
........
orks - Eastern Maine Healthcare
Water-
works .............................
....� ...
Assigned m
Councilman
FIRST AMENDMENT TO
PURCHASE OPTION AGREEMENT
This Find Ammdmmt to Purchase Option Agreement executed in duplicate this
day of , 1998 by and between CITY OF BANGOR, a body corporate, of 73
Harlow Street, Bangor, Penobscot County, Maine, soul EASTERN MAINE
HEALTHCARE, a corporation duly organized and existing under the laws of the State of
Maine, having a principal place in Bangor, Penobscot County, Maine
WHNESSTH
WHEREAS, the City of Bangor and Futstem Maine Healthcare are parties to a
Purchase Option Agreement for the purchase of the Bangor Waterworks; and
WHEREAS, said Agreement is scheduled to expire on August 1,1998; and
WHEREAS, said Agreement provides for the obtaining ofpeomits for the
development of the Bangor Waterworks and a modification of Use railroad crossing
decision of MDOT; soul
WHEREAS, the parties need additional time to obtain the omessary permits and
the MDOT decision modification,
NOW, THEREFORE, the parties hereto do mutually agree to amend the
Agreement as tallows:
By deleting from "2. Option Period" the date August 1, 1998 and replacing it
with the date November 1, 1998.
THAT except for the foregoing, said Purchase Option Agreement between the
City of Bangor and Eastern Maine Healthcare will remain in fall force and effect in all
other respects between the undersigned.
IN WITNESS WHEREOF, the parties hereto have set their hands aM seals the
day and year fust written above.
CITY OF BANGOR
Edward A. Barrett
City Manager
W
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NomeuL win
Chief Exec ive Officer
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