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HomeMy WebLinkAbout1983-11-14 84-21 ORDER84-21 Introduced by Councilor Frankel, Novemlcr 14, 1983 /qq CITY OF BANGOR (TITLE) WTi1a' Design t ng Tentative Developer £or Urban Renewal By the City CovmQ of Ne Pry ofBaayer. THAT WHEREAS, the City. of Bangor received two proposals for the acquisition and redevelopment of Urban Renewal Parcel B,-13; and WHEREAS, pursuant to the procedures established in Council Order 83-123 adopted by the City Council on March 30, 1983, the Design Review and Site Plan Review Committee (consisting of the Council Community Development Committee, the Chairman of the Planning. Board, the City Manager, the City Engineer, the Director of Planning. and Community Development, and the Planning Officer). held a number of meetings with the potential developers for the purpose ofreviewing and evaluating the two proposals; and. WHEREAS, the Committee unanimouslyvoted at its meeting on November 3, 1983 to recommend to. the City .Council that 1912. Associates Development Corp. be designatedasthe tentative developer of Parcel B-13 with the understanding that the City of Bangor and 1912 Associates Development Corp. would subsequently enter into an option agreement wherein 1912 Associateswould be granted a six month. option to purchase Parcel B-13,during which time 1912 Associates would conduct studies to determine the feasibility of constructing a project of sucha magnitude s would be comparable with other, developments currently existing in this area of Exchange Street; and NOW, THEREFORE,: BENT. ORDERED THAT 1912AssociatesDevelopment Corp. is hereby designated as the tentative developer of Urban Renewal Parcel 8-13 for a period of thirty (30): days, duringwhichtime the Legal Department, in consultation with the Community Development Com- mittee and the Director of Planning and Community Development, shall be authorized to negotiate an optionagreement with 1912 Associates for future consideration by .the City Council. In city Council November 10,196 Pas$e U-31 cou enncilor c Carth abstained - 0 R 0 E R A Ci y Clerk ' Bignatinq tative oevelepe for Urban Pene al Parcel B-13 Introduced and filed by �a :............. Councilman