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