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HomeMy WebLinkAbout1989-11-27 90-13 ORDERaspen lu Councilor
CITY OF BANGOR
(TITLE) VVrbvro Authorizing Extension of Option Agreement
By Me City Council of As O•ity ofBmalw
ORDERED,
THAT
WHEREAS, the City Council has approved an Option Agreement with Gridley
Street Associates for the purchase and redevelopment of Community
Development parcels H-2 A H-3 located between Boyd and Newbury Streets
which term, as previously extended by Council Order No. 89-317, ends on
November 30, 1909; and
WHEREAS, there remains to be completed a land exchange with The Roman
Catholic Bishop of Portland and a taking of residual and other
interests in the parcel to be conveyed, so as to perfect the City's
title, as required by the Option Agreement,
NOW, THEREFORE, By the City Council of the City of Bangor, be it
ORDERED,
THAT the City Manager is hereby authorized and directed to extend the
Option Agreement referred to above for a period of ninety (90) days.
In city council Novanbe 27.1989
HY9[ 1810n Oi the rules yass
O[ Pase
90-13
ORDER
Title
AUi1 xein9 E%G ion Of option
......................................
Agiearent PeCcele H-2 H-3
......................................
AwigPe] to ic--)�
Councilmen