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HomeMy WebLinkAbout1992-06-08 92-321 ORDERWte yVVJuneL 3, 1992 Item No. Accepting Donation of Burgundy Realty Trust Item/Subject: Responsible Department: Community a Economic Development Commentary: Burgundy Realty Trust has offered to donate $100,000 to the City of Bangor, less the cost incurred by Burgundy Realty Trust to demolish the former MCRR switching tower, for the City to use in improving its property in the Front Street Waterfront area. The City Council will have full discretion on how the funds are spent. ➢npnf en(Nm�d/�r Manager's Comments: Civ Mamsa Associated InIormmion: tt*r 1,wm nro f w 11S Budget Approval: Fimnee Dino Legal Approval: P _/ cy sdmeo. Introduced For passage Fira Reading Page _of C Reftrml Assigned to CouncRon Blanchette Jane 8,1992 92 321 CITY OF BANGOR (TITLE.) (Orta Accepting Donation of Burgundy Realty Tr11 u 11 at By COO CwhaH ofdw Chy of Bangor: THAT WHEREAS, Burgundy Realty Trust has offered to donate the am of One Hundred Thousand Dollars ($100,000) to the City of Bangor to further the development of the Bangor Waterfront, less any cost incurred by Burgundy Realty Trust for demolition of the former MCER switching tower; HOW, THEREFORE, BE IT ORDERED, THAT the City Council of the City of Bangor hereby authorizes the City Manager to accept said donation of One Hundred Thousand Dollars ($100,000) to be donated by Burgundy Realty Trust, less any cost incurred by Burgundy .Realty Trust for demolition of the former MCRR switching tower, and further directs that the donated funds be expended to further the development of the Bangor Waterfront. 92-321 ORDER IN CITY COUNCIL Susie 6, 1992 Title, itle, MceP�ivg Donaelon of Burgundy CITY CLERK - Realty Trust ........................................ o BS D P .Pti en Councilmen