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HomeMy WebLinkAbout1988-12-12 89-30 ORDER.. Date WY'•`'^"'V•, Item No. e9 -3o Item/Subject: Option Agreement with Sheldon Hartstone for Redevelolme¢t of Blake Place Responsible Department! Comity Development Commentary: The Option Agveeme¢t prrrvides for the acquisition and redepelolment of an 32,893 square foot City -vaned parcel on Market Street and Blake Place. No. Hartstone proposes to construct a twelve (12) volt apartment building at an ,approximate cost of $325,000. fee proposal will require discontinuance of Blake Place govedilability of City sewer, reaching Of the parcel front Residential 4 to Residential 5 under a cantract cove change to Provide for the denalolsent of a single 12 unit building (Residential 4 zone would allow three separate buildings ontaining 4 apartme¢ts each) and .the right to deposit fill on the site (subject to Planning Board approval) during the Option period which Mr. Aartatone would either goods or remove if he did not proceed with the development under the terms of the Option Agreement. Approval of the Option Agreement is rectereaded. P m, nr Wed Manager's Comments: 0� au 1414 �' N �aRa�V I�A�,�vw��lpnepry �y p�L101„\ it Mamsn Associated Information: Budget Approval: - F1'ne Legal Approval: 'ry Selieimr Introduced For _ ©Passage L]Fint passing Page 1 0l 1 ❑ Barterer 89-30 Introduced by Councilor Stone, December 12, 1988 CITY OF BANGOR (TITLE.) (®rDer Authorizing Execution, of Option Agreement With Sheldon Hartstone for the Acquisition and Redevelopment of City owned Property on -------- .. .. _ ..._...__MatkeL.Streetandi-Blake.-place............. __.... am IAO IXtg CeaMH efas CUM of Rueter. ORDRRRD, .. THAT the City Manager is hereby authorized and directed, ' on behalf of the City of Bangor, to execute an Option Agreement, a copy of which is on file in the. Office of the City Clerk, with Sheldon Hartatone for the Acquisition and Redevelopment of Lots 1 through 11 on a plan entitled Plan of Lots 1 through 11 Market Street and Blake Place." dated June 81 1981, said Plan being on file in the City Engineer's Office. /Inn.CiCiitttyytab 'Council December 12,1988 A;� City Clad IN CITY COUNCIL Narch 15, 1989 Indefinitely Postponed fc CIT Y KILLw& Authorizing Execution Of Option Agreement with Sheldon Narscone for the Acquisition and Redevelopment of City owned property on Market Street and Blake Place