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HomeMy WebLinkAbout1979-07-23 325 AG ORDER325 AG Introduced by Councilor 2endeian, July 23, 1999 CITY OF BANGOR (TITEEJ utlrbgy,_. Dealgastang Developer o the Tentative Df Harlan, Street School By the My CuwweM MTAs Ciera G(DanVaa 93N r]d8elp TRAT Investors Realty, Inc. of & Harlow. Street, Bangor, Maine Is hereby deaignated as the tentative developer of the Harlow Street School 3+uilding located at 183 Harlow Street, Burger, Maine and note fully described in the "Request For Proposals For Acquisition and Reppe of Harlow Street School Building", a copy of which is on file in the Office of the City Clerk; THAT the City Manager provide written notice to Investors Realty, Inc. indicating that the City Council of the City of Bangor Has desigrovted Investors Realty, Inc. as the tentative developer of the Harlow Street School Building; THAT Investors Realty, Inc. execute azW deliver within thirty (30) ague of such notification from the City Manager an option agre®ent which shall be substantially, if not completely, similar to the 'Option Agreement For Persians of Cerise Street Schoolp attached to the "Request For proposals For Acquisition and Reese of Harlow Street School Building" as Ex bit 0, a copy of which is on file in the Office of the City Clerk; THAT this designation of Investors Realty, Inc. as tentative developers of Harlow Street School will terminate at the expiration of said thirty (3J) dry period if an Option agreement satisfactory t0 the City Of Bangor has not been executed by Investors Realty, Inc.; THAT the City Council Community Development Committee, on behalf of the City Council of the City of Bangor, is hereby granted the authority to approve the final terms of an option agreement between Investors Realty, Inc. and the City of Bangor for the purchase of the Harlow Street School Building. 325 AG IN CITY Cow IL l 0 R 0 E R doly. 23, 3979 motion'for passage passel by gills the following yes ark! no , n vote. - Cwlmrse,a Ming yea: Geary, Weym, Oemth,agm itin9 the Tentative Gave lope of BrOWilley, Hard and Zemlzien. Councilor votl M7 Gass C Harlow Street School bailding 1 y Clerk \ 1 Introduced and filed by ............. dlman