HomeMy WebLinkAbout1989-05-22 89-229 RESOLVE-------------------------------- Council -Action -______________________________+
Date Hay 17, 1989 Item No. 89-229
Item/Subject Approving Construction Schedule of Gridley Street
Associates -Community Development Parcels H-2 R H-3
Responsible Department: Community and Economic Development
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Commentary:
The construction schedule submitted provides £or the commence-
ment of construction on August 1, 1989 Bud completion of the 32
units by parch 1, 1991. This schedule conforms to the Option
Agreement which requires commencement of construction within
six (6) months of sale to the developer and completion of all
work within twenty-four (24) months after start of construction.
Depa-�d
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Manager's Comments: 7A� 1
City Manager
__________________________________________________________________________
Associated Information: 0", _
__________________________________________________________________________
Budget Approval:
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Finance Director
Legal Approval,
City Solicitor
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Introduced For:
_ Passage
First Reading
Referral Page of
89-229
Assigned to Councilor Sosnaud, May 22, 1989
CITY OF BANGOR
(TIRE.) Pmo11Q----- ._Approvinq,Corwtrurtion. schedule . of.. Gridley
Street A sociate - Community Development Pax ela H-2 5 H-3
& the GItY CoseeH o! W OAY O(B,impar:
BESOLVED, THAT WHEREAS, Pursuant to the Option Agreement between
the City of Bango£ and Gridley Street Associates dated October 3,
1988, a construction schedule for the development of City property
located between Boyd and Newbury Streets has been submitted for City
Council consideration and approval; and
WHEREAS, the construction schedule has been reviewed
eweCommunityby the Community and Economic Development Committee and has been
found to be in conformance with the provisions of the Option
Agreement>
NOW, THEREFORE, BE IT RESOLVED THAT the Construction
schedule submitted by Gridley Street Associates dated May 15, 1989
which provides for the commencement of construction on August 1,
1989 and completion by March 1, 1991 is hereby approved.