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Home My WebLink About1965-11-22 22-T ORDER22-T Introduced by Councilor Baldacci, Nov. 22, 1965 SA CITY OF BANGOR (TITLE.) (jorbpit—Amending Parking_ Regulations --Loading and Unloading Zones-- . _ _.. .... Water Street and Exchange Street By the City Cwncil of Nu City of Bases: ORDERED, THAT i cordance with Chapter 111, Article 6, Section 2.6 of the City Ordinances, the following designated areas shall be removed from Schedule I%: 1. One meter space at No. 20 Water Street, formerly occupied by Meter No. S. 2. One meter space in front of W . S. Emerson Co. on Exchange St. formerly occupied by Meter No. I. 2 -T =VED 1355 NU A IM 2. 3b ORDER CITY CLERK'S OFFICE I( IF ,u,g, MdMF Title, �aamg s umoaai.�g :water st, am IN QTY CW IL Nov. M, 1965 PAS= Exchange St. .................................. Introduced and filed by A cotfieci >man SUPPLEMENTAL COOPERATION AGREEMENT BETWEEN BANGOR URBAN RENEWAL AUTHORITY AND CITY OF BANGOR THIS AGREEMENT entered Into this day of 1965, by and between the BANGOR URBAN RENEWAL AUTHORITY ----------Ch—ereinafter called the a uthoritya), a public body, politic and corporate, duly organised and existing under the provisions of the Urban Renewal Authority Lav of Maine as set forth in the Private and Special Laws of 1957, Chapter 168, and acts emendatory thereto, (hereinafter called the ^Authority Laws) and having its usual place of business in the City of Bangor, County of Penobscot State of Maine, and the CITY OF BANGOR, a public body, politic and corporate, (hereinafter called the "City"), witnesseth that: WHEREAS, The Cooperation Agreement between the Bangor Urban Renewal Authority and the City of Bangor dated the 23rd day of April, 1962, relating to the Stillwater Park Project (Me. R-4) remains in effect, and WHEREAS, events have occurred and circumstances have changed since the execution of said agreement whereby the parties have agreed that it is desirous to emend and supplement some Of the terms, conditions, and provisions of the original Cooperation Agreement NOW, THEREFORE, IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS: FIRST Paragraph (a), TRANSFERS OF LAND, of Paragraph 3 on Page 4 of said original Cooperation Agreement is hereby rescinded, and the following paragraph is substituted in place thereof: (a) TRANSFERS OF LAND: When the Authority e1be11 require possession thereof In execution of the Redevelopment Project, the City will abandon and convey to the Authority all of its interest in those parcels of lend designated below by reference to the Property Maps Black and Parcel Numbers, and the City shalt receive full credit on Its obligations hereunder for the appraised fair market value thereof as approved by the Government as follows: BLACK 6 PARCEL ESTIMATED BLOCK 5 PARCEL ESTIMATED NUMBERS VALUE NUMBERS VALUE 1-4 $ 550 10-2 $ — 5-0 1-9 3,200 10-5 750 6_4 400 10-16 200 6-6A l 12.4 125 1-1 3,000 12-8 1 7-4A 1 13-9 1 8-6 250 15-2 350 I -y 100 15-21 600 8-7A 1 170 2,500 9-3 500 22-8 500 9-12 410 9-13 200 SECOND: Paragraph (b), SUPPORTING FACILITIES, on Page 5, Subparagraphs (1)., (2), and (3) of said original Cooperation Agreement are Mreby rescinded, and the following Paragraph is substituted in piece thereof: (b) SUPPORTING FACILITIES: The City of Bangor has constructed approximately 160 feet min in Mt. Hope Avenue from the eastern boundary of the project On Mt. Hope Avenue t0 the existing drain systems. The City Is to receive credit for these improvements based on their utility to the project e as determined by Housing and Nome Finance Agency. (Present estimateof credit is $],158) THIF➢: In Paragraph (e), SITE V1P60VEdEN19, Paragraphs (2) and (3) on Page 5 of said original Cooperation Agreement we hereby rescinded, and the following paragraphs are substituted in place thereof: (c) SITE IMPROVEMENTS: (2) The City of Bangor will contribute to the proposed development of the playground on Howard Street as proposed In the Urban Renewal Plan to the extent of the difference between total estimated cost (presently estimated to be $5,010.00) and the annuat approved by Housing and Home Finance Agency a eligible site Smp[ovemen[. (Presently estimated to be $2,505600) (3) The City of Bangor will contribute to the proposed construction of storm desire in Stillwater Avenue as shown on the attached schedule, to the extent of 507. of the total coat of such construction. (Presently estimated to be $13,341.00) FOURTH: -Paragraph (c), SITE IMPROVEMENTS, which commences on Page 5 of said original Cooperation Agreement is further emended by adding a new sub -paragraph (6) at the end of subparagraph (5) on Page 6 as follows: (6) The City of Bangor will receive credit in computing local grants-in-aid for the total amount expended by the City of Bangor, under its Site Improvement contract for Stillwater Park project (Me. R-4) (Phase ^Ce) with Bridge Construction Company dated May 6, L965. The mount of this credit is presently estimated to be $120,000.00. FIFTH: Paragraph (d), Cash Grants, on Page 6 of said original Cooperation Agreement is hereby rescinded, and the following paragraph is substituted in place thereof: (d) CASH GRANTS: The City has made one ash payment in the amount of $188,812 which when added to the estimated value of lees: non-cash gran[a-in-aid, represented the City's one-fourth share a- the than approved net project costs. That payment was made prior to February 1, 1964, In accordance with the provisions of the Cooperation Agreement dated April 23, 1962, which was than in e3fect. It is agreed that upon Housing and Home Finance Agency approval of the let Amendment to the Application for Lam and Grant, local grants -la - aid will be recomputed and any cash payments which when added to the approved non- ash grants-in-aid, exceed one-fourth of the approved net project costs, will be returned to the City immediately. If, on the other hand, additional cash is needed to make up the City's me -fourth share, the City agrees to make such payment within six months after Housing and Home Finance Agency approval of the aforesaid Amendatory Application. -2- SIXTH: Paragraph 4, On Page 6 of said original Cooperation Agreement is hereby rescinded, and the following paragraph is substituted in place thereof: 4. It is understood and agreed that the City's financial obligation hereunder Is to make a total Contribution Or grant equal co at least me -fourth of the aggregate net project coat, to be computed in accordance with the terms of the National Housing Act of 1949, a ended. The city's share is presently estimated to be $401,828. Becauseofthe change in the method of funding the Phase ^C" Construction costs, It is row estimated that the City will have contributed $481,915 in cash and no ash grants. In -aid. Upon Housing and Home Finance Agency approval, cash "Cass to the required one-fourth local grants-in-aid, will be returned to the City. (Preempt estimate is $80,08)) SEVENTH: The Schedule on Page 8 of said original Cooperation Agreement is hereby rescinded, and the following Schedule is substituted In place thereof: New Man Hole 4 EA. New Catch Basin 3 EA. New Line 2010 570 IF 361: 145 IF EIGHTH: IN WITNESS WHERFAF the City and the Authority have respectively mused this Agreement to be duly executed in triplicate as of the day and year first above written: ATTEST: BANGOR URBAN RENEWAL AUTHORITY BANGOR, MAINE BY: Edward H. Reith, Chairman -3- CITY of BANGOR, MAINE BY: R. Coupel, Si. City M City Manager