HomeMy WebLinkAbout2019-10-16 19-391 Order
10/16/201919-391
10/16/2019
19-391
Community & Economic Development
Order
045-009-D
Title, Order
Authorizing Extension of Development Agreement for Property located at 472 Essex Street
This order will authorize the extension of the timeline in a development agreement for the
renovation of 472 Essex Street. In September 2018, the Council approved Council Order 18-349,
authorizing execution of a development agreement with John Karnes, providing for his rehabilitation
of the property to be substantially complete by September 28, 2019. Some delays in project
financing led to Mr. Karnes requesting an extension of six months. If approved, this order will
provide Mr. Karnes an additional six months to complete the project, with the new completion date
being April 2020.
Business & Economic Development Committee
10/08/2019
Recommend for passage
Consent
10/16/201919-391
CITY OF BANGOR ORDER
10/16/2019
19-391
Schaefer
Authorizing Extension of Development Agreement for Property located at 472 Essex Street
WHEREAS, the City of Bangor entered into a development agreement with John Karnes for the rehabilitation
of a property at 472 Essex Street (Map/Lot 045-009-D); and
WHEREAS, the City of Bangor wishes to see this property rehabilitated; and
WHEREAS, John Karnes has experienced a delay in some project financing necessary to complete the
renovations;
Be it Ordered by the City Council of the City of Bangor that,
The City Manager is hereby authorized to enter into an agreement for an extension of the timeline for the
development agreement for 472 Essex Street with John Karnes. The new date for the project to be
substantially complete will be April, 2020.
IN CITY COUNCIL
OCTOBER 16, 2019
CO 19-391
PASSED
��;
CITY LERK