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HomeMy WebLinkAbout2019-10-28 19-411 Order 10/28/201919-411 10/28/2019 19-411 Legal Order N/A Title, Order Authorizing the Dissolution of the Bangor Urban Renewal Authority. This Order will dissolve the Bangor Urban Renewal Authority. Title 30-A §5102 authorized the creation of an Urban Renewal Authority. The City of Bangor created the Bangor Urban Renewal Authority in 1958. The intent was to implement federally funded urban renewal projects. Federal funding ended many years ago and the Urban Renewal Authority has been inactive other than on a few occasions executing release deeds to change deed restrictions that restricted development or created title issues for properties. The slums and blighted areas of the City when the Urban Renewal Authority was formed no longer exist. Community Development laws, such as the CDBG program, adopted since the creation of the Urban Renewal Authority have allowed municipalities to carry out the same functions as the Authority. The Bangor Urban Renewal Authority has assigned and transferred any rights and property interests to the City of Bangor, and the City of Bangor has accepted that assignment, by virtue of an Assignment and Release dated May 13, 2019 and recorded in Book 15146, Page 85 of the Penobscot County Registry of Deeds. The Bangor Urban Renewal Authority voted on October 21, 2019 that the Bangor Urban Renewal Authority has substantially completed its role in the redevelopment of the City of Bangor and that the Bangor Urban Renewal Authority should dissolve and shall dissolve upon approval of the City Council. Recommend for passage Consent 10/28/201919-411 CITY OF BANGOR ORDER 10/28/2019 19-411 Schaefer Authorizing the Dissolution of the Bangor Urban Renewal Authority. WHEREAS, Title 30-A §5102 authorized the creation of an Urban Renewal Authority and the City of Bangor created the Bangor Urban Renewal Authority in 1958; and WHEREAS, the purpose of the Authority was to implement federally funded urban renewal projects; and WHEREAS, Federal funding ended many years ago and the Urban Renewal Authority has been inactive other than on a few occasions executing release deeds to change deed restrictions that restricted development or created title issues for properties; and WHEREAS, Community Development laws, such as the CDBG program, adopted since the creation of the Urban Renewal Authority have allowed municipalities to carry out the same functions as the Authority; and WHEREAS, the Bangor Urban Renewal Authority has assigned and transferred any rights and property interests to the City of Bangor, and the City of Bangor has accepted that assignment, by virtue of an Assignment and Release dated May 13, 2019 and recorded in Book 15146, Page 85 of the Penobscot County Registry of Deeds; and WHEREAS, the Bangor Urban Renewal Authority voted on October 21, 2019 that the Bangor Urban Renewal Authority has substantially completed its role in the redevelopment of the City of Bangor and that the Bangor Urban Renewal Authority should dissolve and shall dissolve upon approval of the City Council. Be it Ordered by the City Council of the City of Bangor that, The dissolution of the Bangor Urban Renewal Authority is hereby approved. IN CITY COUNCIL OCTOBER 28,2019 CO 19-411 PASSED /� -, �j /,-/ CfTVCf-ERX