HomeMy WebLinkAbout1998-09-14 98-375 ORDERCOUNCIL. ACTION
Date, 9cotember 14 1998
Item No. 98-375
Item/suojaCt: Authorizing E%antion ofwgreementa-Awdu Hospital Corp.,Maine State Housing Authority
Federal Home Lasn Book, and Pension; C.A.P.
Responsible Department: Community& Economic Development
ommentary: As part of a HUD Cruet awarded to the City in 1996 for the development of new building for
ratenional housing for chronic substance abusing adults, Maine More Housing Authority (MSHA) will provide V2 of
he cost ofconshtetion through Penstuis C.A.P, and the Federal Home Loin bank will provide a small subsidy. MSHA
will need to secure their portion of the giant funds with a mortgage On the new facility (to be operated by Acadia
Hospital Corp., formerly Hope House facility). In order for MSHA's mortgage as be secure on the building should
Acadia Hospital default, the City and MSHA and Penqum C.A.P. must examine legal documents and will pmuctthe
interests of each party on the leased premises. This Order would authorize the City Manager to execute all such
documents as conjunction with the lease in order to protect the City's interest in the leased promises. The MSHA
'onofMID funding, and the Federal Home Loan Bank funding will expire on October 1, 1998. Al nils time, these
ocuments are in then draft form. All documents will be reviewed and approved by the Legal Dept.
De rtmeult iKad
Nenagez a Comments,
The Community and Economic Development Committer considered this item at an meeting on September 9
d voted to ram mend approval. �L.O✓</,zQ
city manager
Associated Information
Budget Approval:
Finance DireOtOT
regal Approval:
Ci[y Solicitor
tatroduca . Per CpAeMA-
N Passage
First Reading
Referral
page 1 of 1
98-3)5
Amigoed to Courn lar ryler septenber 14. 1998
pp CITY OF BANGOR
(TITLE) Vlfr�iBTa Authorizing Execution of Agreements-_ Acadia Hospital Corp,
Maim State Housing Authority, Federal Home Loan Bask, and Penquis C.A.P.
BY the City Coattail of the City ofHomm:
TnT WHEREAS, by Comaid Older 98-328 the City Council of the City of Bangor
approved a lease with Acadia Hospital Corp; and
WHEREAS, the City of Bangor, Maim State Housing Authority, and the Federal
Home Loan Bank will he passing through to Persian C.A.P. certain federal foods for the
construction of a facility to be operzted by Acadia Hospital Corp. on land which is the subject of
the lease approved by Council Order 98-328; and
WHEREAS, the City of Bangor, Maine Stare Housing Authority, the Federal Home
Loan Bank aod Penquis C.A. P. wish to take certain measures to provide for a replacement for
Acadia Hospital Coop. in the event dot Acadia Hospital Corp. defaults on its obligations and
ceases operation of the facility and to fwther agree upon rights and responsibilities in the event
a replacement is not found.
NOW, THEREFORE, BY THE CITY COUNCIL OF THE CITY OF BANGOR,
BE IT ORDERED,
THAT the City Manager is hereby authorised to execute agreemema between are City of
Bangor, Mame Stam Housing Authority, Acadia Hospital Corp., the Federal Hove Loan Bank,
and Pentiuls C.A. P. to pmvide our a replarzmem for Acadia Hospital Corp. in the event of such
a default. The agreements are to be in a form approved by the City Solicitor or Assistant City
Solicitor.
IN CITY COUNCIL
September 14. 1998
Motion for Passage made and seconded
Vote Of conflict for C. Crowley
yes. 1 abstaining. 1 absent
Councilors voting yes: Aube. Baldacci,
Farnham, Leen, Palmer. Tyler E Woodcock
Councilor abstaining: Crawley
Councilor Absent: Rolose n
Councilor Crowley abstained from
discussion and vote
Passed
�DFRX
98-3)5
ORDER
Title, Authorizing Execution of Agree-
ments - Acadia Hospital Corp. Maine State
Housing Authority, Federal Home Loan Bank,
aA pb6bu1'sC. Al P:""""""""""
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....... -.7� ... .-Councilman.