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