HomeMy WebLinkAbout1977-04-25 203 AE RESOLVE203 AS
Introduced Ey Councilor McKernan, April 25, 1977
CITY OF BANGOR
(TITLE.)P$OIbEt. Approving the Banyor_Urba Renewal Authority's
Resolution Requesting Financial Settlement of Kenduskeag -Stream
Urban Renewal Project ME R-7.
By tw City C'owaei{ofW City ofBaa0or
LVW, WHEREAS Section 112 (b) of the Housing and Community
Development Act of 1974 (42 U.S.C. 55312 (b)) provides for the
financial settlement of urban renewal projects which will result in
the full repayment of all temporary loans; and
WHEREAS any surplus grant funds remaining after such financial
settlement will be made available to the City of Bangor for use
n accordance with the provisions of Title 1 of the Housing and
Community Development Act of 1974 (42 U.S.C. §§5301-5317); and
WHEREAS the Kenduskeag Stream Urban Renewal Project ME R-7, is
substantially complete except for the sale of land, demolition of
the existing Central Fire Station, and certain public improvements;
and
WHEREAS on April 20, 1977, the Bangor Urban Renewal Authority
adopted a Resolution requesting the financial settlement of the
Kenduskeag Stream Urban Renewal Project (ME R-7), as required by
law to initiate said financial settlement; and -
WHEREAS the applicable Community Development regulations require
concurrence by the governing body of the city in which the project
is located in order for the city to be eligible to receive any
unearned grant and surplus funds available for the Urban Renewal
Project;
NOW THEREFORE BE IT RESOLVED by the City Council of the City
of Bangor
THAT the Bangor City Council, acting as the governing body of
the city. in which Urban Renewal Project ME R-7 is located, hereby
approves the Bangor Urban Renewal Authority's Resolution Requesting
Financial Settlement of Kenduskeag Stream Urban Renewal Project
(ME R-7).
W CIW MWCIL
April 25, 1977
passed.
a6. -,
alar ale4
203 AR
I i.l"v
NE SOL VE
�f Appr. BURArs Resolution Requesting Financial
Bactleveat of Rend..Sttrr..� U.-B.� project M-7
7G
710E
f412 37