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HomeMy WebLinkAbout1978-06-12 269 AF ORDER269 Ap Introduced by Councilor Soucy, June 12, 1979 _ CITY OF BANGOR (TITLE.) \VrbQrf...._Authorizina. Application to mite, Coarsely_ Authority_- Winter_ ......._Distributing Company, ins....IndasSsial-CpwcergiaL Prol ecx _ By tds city coatmil oftke Oity OfBamysr ORDERED, TliAT the City Nanager,on behalf of the City of Bangor, is hereby authorized and directed to submit an application under 30 M.R.S.A. 4 5325, at seq, as amended, Municipal Securities Approval Act (the Act), to the Maine Guaranty Authority (MOA) for approval of the issuance by the City of Bangor of a Revenue Obligation Security in connection with the acquisition of real estate and construction of a building and related facilities, all of which shell comprise the Winter Distributing Company, Inc. industrial -commercial. project to be located on lot W20 and a portion of lot W19 in the Target Industrial Plaza West Subdivision, end be it further ORDERED, =1 the principal amount of the Revenue obligation Security shall be not more than Five hundred ThousuW Dollars ($5000000) payable aa term notexceeding fifteen (15) yes with interest at the rate of six percent (6%) per annum, or such other rate as Winter and the lending agency may agree upon and the !GA may approve pursuant to the Act. The City Manager is authorized to take all steps and to furnish all information a may be necessary and appropriate to complete ago process the application for approval. 269 AF R DEA wo JUN'E IN CITY COUNCIL Title, SONE 12,1WS PASSED I CITY C! 9K'S OFFICE .. AUTlIGR17W ARYWGh'LLDN..'C4 XkW FPARANTY AUTHORITY WINTER DISTRIBUTING C0; INC, ............................... CITY CLERK INDUSTRIAL COM IAL PROTECT Introduced d fi Ly �.