HomeMy WebLinkAbout1996-11-13 97-12 RESOLVECOUNCIL ACTION
Date: 11-13-96 Itan N0.97-33
Item/Subject: RESOLVE, Accepting and Appropriating $152,606 in
Maine State Housing Authority Grant Funds
Responsible Department: Finance
Coamentary: Council Order 96-415 authorized an amendment to the
Development Agreement with the Freese Building Associates. This
amendment added a new paragraph 19 which stated that the City
would apply to Maine State Housing under the Municipal
Infrastructure and Land Acquisition Program and, if funds were
approved, to make payment of this amount to the Developer. These
fund will be used by the Developer for purchase of municipal
parking, payment of permit and hookup fees, and building
improvements. This is one element in the overall agreement for
the redevelopment of the rear portion of the Freese's Building.
The attached Resolve would both accept and appropriate these
funds.
DEPARTMENT HEAD
Manager's Comments'
r
Associated InPoxmation: (jAJPn
Budget Approval:
FINANCE DIRECTOR
Legal Approval:
_Introduced For
Passage
First Reading Page of
Referral
9]-12
Assigned to Councilor Tyler November 12, 1996
CITY OF BANGOR
Acc
(TITLE.)SOU¢I....
.._........_epting and Appropriating $152,606 in Heine .............__...._...._........._.._..._........._..............._.._.........._..._.._
State Housing Authority Grant Funds
By 695 CUY CwneH e(Bu City yjBayyyr.
RESOLVED,
the a= of $152,606 in Maine State Housing
Authority Grant funds is hereby accepted and appropriated to
division 8704 for the purpose of payment to Freese Building
Associates Limited Liability Company in accordance with the terns
of the amended Development Agreement.
W CITY COUNCIL
November 13, 1996
Notion to Waive First
Heading Passed
Resolve Pass
E
CITY CLERK
97-12
EES0LVE
Accepting and Appropriating $152.606
in Maine State Housing Authority Grant
Funds
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