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HomeMy WebLinkAbout1987-10-26 87-396 ORDER87-396 Introduced by Councilor Frenkel, October 26, 1987 CITY OF BANGOR (TRIP.) (Dyb"t ........ asGs smment of, grtirh Agreerent for wrcbasa of portion of Urban Renewal Parcel 611 "Phase I", As Amsmded, by the Houlton Band of Maliseet Indiana Development Corporation to the Doulton Band Of Maliseet ...........-Indiana .--- .--- .---------- _____.. _...... .._....... _.... BY she City Ceamal of the Cite efBOayer: ORDERED, TEAT wipbrAS, the City of naught has entered into an Option Agrement for Purchase of Portion of Urban Renewal Parcel 611 "Phase I" with the houltm Band of Maliseet Indiana cevelopment Corporation for the purchase and redevelopment of the former Urban Panewal Authority Parcel 611; and W3EREAS, in accordance with certain Federal regulations the funding for said purchase and redevelopment has been directed to the Houlton Band of Maliseet Indiana; and WHEREAS, in with the terms of said Option Agreement, the ibulton Band Of Maliseet Indiana Development Corporation has requested the City's approval of the assig t of all right, title, interest, duties and obligations in and to said Option Agreement W the Houlton Baud of Malisset Indiana; and WRIMME.AS, in accordance with the terms of said Option Pgreecent, the City has received satisfactory evidence that the H ultm Band Of Mal.iseat Indians has the qualifications and financial responsibility necessary to peform the obligations as required by said Option Agreement, md, TBBRHroBE, By the City Wuncil Of the Qty of Bangor be it ORDERED, THAT the City Of Bangor barely authorizes and apprwea the ssigheant by the aeulton Bard of flatterer Indiana Development Corporation to the Poulton Bard of Maliseet Indiana of all right, title, interest, duties and obligations in and to said Option fgreemenk for the PurcIase of Portico of Urban Feremel Parcel 611 "Phase I", dated April 1, 1987, as amended by First Amenduent to Option for Purchase of Acrtion of Urhen Renewal Parcel B-11 "phase I", dated July 1, 1987, and as further amended by second Amendment to Option for purchase of portion of Urban Renewal Parcel 611 "Phase I", dated October 1, 1987. 8J-396 ORDER - IN CITY COUNCIL '87" OUT 22 P1 51 October 36, 1987 Title, Passed. (Mayor Willey ,'°- REO EIVED abstaining). Assignment of action reement for _ AB CI IYOFSANGBBRKDR CITY CLERK lex `�CI� rk ..?4;4h§§KR{R�°nt cioq O;by{ &epeKa,1, ,ot; Parcel B 'll "�Naee Is As Amended by the Houlton Baan { Na11ggQt I�lainns Development Corpou[Ipn to dU�iaa an Hl J oy the Recited -Bafnd of Nfll set Indians G�y���� ., Councilman LI