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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