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HomeMy WebLinkAbout1996-10-28 96-420 ORDERCOUNCIL ACTION Date: Septtmber 25.1996 Item No. 96-420 Item/Subject: Approving Development, Lease and purchase Option Agreements - Eldur Corporation Responsible Department: Community and Economic Development Commentary: Drafts of the proposed Development Agreement with Eldur corporation, and the Lease Agreement and Purchase Option Agreement pertaining to 448 Griffin Road, are currently being reviewed by attorneys for Eldur Corporation. If the City Solicitor and attorneys for Eldur have reached agreement, this Order will be ready for consideration at Monday's meeting. Staff will review the status of these documents with the Council Monday evening prior tothe City Council meeting. Depa tmenya Manager's Comments: City Manager Associated Information: Budget Approval: Finance Director Legal Approval: City Solicitor V0 i xntroduced For Passage 0 First Reading 0 Referral Page 1 of 1 96-420 Aee:PM to COUs"m Popper October 28, 1996 _ CITY OF BANGOR (TITLE.) (oLDei Approving Development, Lea a Pureha a option Agreements - Eldur Corporation BY Ne OUV Q%%aW of 04 CRY ofDeeps. ORDERED, TUT the city manager is hereby authorized to execute a Development Agreement with Eldur Corporation; and a Lease Agreement and Purchse option Agreement pertaining to 998 Griffin Road, draft copies ofwhichare on file in the office of the City Solicitor. Said agreements when signed shall be in a form approved by the City Solicitor,; and shall substantially conform to the drafts presently on file. IN CITY�COIINGIL October 29, 1596 Passed C CLERK 96-420 O RUER Title, Approving Development, Lease d Purebase Option Agreements Elder Corporation ' Arlgned to ����Y V Councilman