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HomeMy WebLinkAbout1986-12-08 87-24 ORDERIntroduced by Councilor Fran]cel, December 8, 1986 CITY OF BANGOR (TITLE.) (Drbtrr_.. RstendiU& Tantattve, DevelpperStalsus.1or urban_... .... - By eda City caused of W City of Banger. ORDERED, THATWHEREAS, the City of Bangor received a request for designation as tentative developer of urban Renewal Parcel B-8; and WHEREAS, pursuant to the procedures established i Council Order 83-123, which Order was adopted by the City Council o March 30, 1983, the Design Review and Site Plan Review Committee met with the potential developer for the purpose of reviewing and evaluating the proposal; and - WHEREAS, said Committee voted to recommend to the City Council that Fransway Realty Company he designated as the tentative .developer of Parcel B-8; and WHEREAS, by passage of Council Order 86-327 Fransway Realty Company was designated as the tentative developer of Urban Renewal Parcel 8-8 for a period for ninety (90) days; and WHEREAS, Fransway, Realty Company has requested a extention of ninety days to allow the additional time required to complete its feasibility study; NOW, THEREPORE, BE IT ORDERED THAT the tentative devel- oper status granted to Fransway Realty Company for Urban Renewal Parcel 3-8 by passage of Council Order 86-327 is hereby extended to March 10, 1987 during which time the Legal Department, in conculta- tion with the Community Development Committee and the Director of Planning and Community Development, shall be authorized to negotiate the terms and conditions of an option agreement With Fransway Realty Company for future consideration by the City Council. In City C ncil December 8,1986 87-21' Passed 0 R ➢ E R C.,t/0614 'Title, ity ark Ex.tqy�& Tentative URveloper Statue fro Urb" rerewal Parcel S-8 ...................................... Ipntroo�duced and filed by Cowcilman