HomeMy WebLinkAbout1986-04-14 86-159 ORDER86-159
Introduced by Councilor Willey, April 14, 1986
uy CITY OF BANGOR
(TITLE.) MTDETr Second Amendment to Option Ag eement for Purchase
o£ U ba RE_new_a1 P cal B-13 Exchange Street. Associates
By the City Council of dA City ofBawgor:
ORDERED,
THAT the City Manager is hereby authorized and directed, on
behalf of the City of Bangor, toe cute an amendment to Section B,
Paragraph 1 of the Option Agreement for the Purchase of Urban
Renewal Parcel B-13 1 -First Parcel") by and between the City of
Bangor and Exchange Street Associates dated July 9, 1985 as follows:
By no later than MaeN+ }b,-1966 April 30, 1986, the
DEVELOPER shall meet with the Committee and submit for its approval
preliminary plans as specified in Section C, Paragraph 1 of City
Council Order No. 83-123, a copy of which is attached hereto as
Exhibit B and incorporated herein by reference. If revisions to the
preliminary plana are deemed necessary orappropriate by the Com-
mittee, the plana must be a sed and submitted to the Committee
for its approval by no later than Apsi-;6r-L. May 30, 1986.
By no later than May -36r-1-984 July 31, 1986 , the
DEVELOPER shall meet with the Committee and submit for its approval
final plans and related drawings, specifications, and documents in
the form specified in Section C, Paragraph 2 of said Council Order
No. 83-123. If r s to the final plans are deemed necessary or
appropriate by the Committee, the plans must be so revised and
submitted to the Committee for its approval by no later than lune
36r-1986 August 15, 1986.
BE IT FURTHER ORDERED THAT under the terms Stated In
Section A Paragraph 2, the City Manager is hereby authorized to
extend the term of said Option Agreement until September 15, 1906.
STATEMENT OF FACT: Additions are underlined and
deletions are 67RBG B. The purpose of Me
Order is to extend the deadline for the filing of
preliminary and final plans and revisions thereto, and to
extend the period that the option is in effect until
September 15, 1986.
86-159
0A AEA
IN CITY COIIICIL
April 19, 1986 Title,
Passed
h!1 . Second Amendment to CptiOn Aq r a ament
clTeCLSex .............................
fain yAechpae, of, U[Teq Penepal, Perpgl S-13
Exchange Street Asmociates.
Ensso
and filed by
d,� .•... .. I\
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