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
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..?4;4h§§KR{R�°nt cioq O;by{ &epeKa,1,
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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
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