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HomeMy WebLinkAbout1999-12-27 00-68 ORDERCOUNCIL ACTION Date: December 27 1999 Item No. 00-bu Item/subject: Extending Purchame Option Agreement fm Purbase of Bringonr Waterworks — Eastern Maine Healthcare Reeponsible Department: Community 6 economic Development This Order would extend the purchase Option Agreement with Basten Maine Healthcare fun the purchase of the Bangor Waterworks. All permits for the project have been approved except for the necessary building pentits home d:e City's Code Office. The purchase Option Agreement expires December 31, 1999 unless the parties agree to un extension. Additional bone is necessary to fader refine redevelopment costs End finalize plans. This Order vrould authorizedamendment to the Agreeruent extending the option Wind to A me 30, 2000. Approval is recovunened. Department Head Recommend approval. Community and Economic Development should have a recommendation for Monday as well. City Manager Aesociated Information:Order Finance Director City" SolYcitor Introduced For 8 Passage 0 First Reading ❑ Referral Page I f 1 M Asigoedro Councilor Daldacci December 22, 1999 nr: CITY OF BANGOR (TITLE.) Order, Extending Purchase Option Agreement for Purchase of Bangor Waterworks — EasRm Maine Healthcare WHEREAS, the City of Bangor and Eastern Maine Healthcare am parties to a purchase Option Agreement as authorized by Council Order k98-150 passed by the Bangor City Council on March 23, 1998, for the purchase and redevelopment of the Bangor Waterworks; and WHEREAS, the parties continue to work towards redevelopment of the Bangor Waterworks; and WHEREAS, additional tree is necessary to further refine redevelopment costs and finalize plans; NOW, THEREFORE, BY THE CITY COUNCIL OF THE CRY OF BANGOR, BE IT ORDERED, THAT the City Manager, on behalf of the City of Bangor, is hereby authorized to exeoute an Amendment to the Purchase Option Agreement between Eastern Maine Healthcare and the City of Bangor to extend the option period to June 30, 2000, mid Amendment to be in a form approved by the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL necenbeo 27, 1999 Oo-68 Notion for Passage Nnde ORDER and Seconded Passed Trde, Extending furc6ase Option Agree- ment few Purchase of Bangor Natereorb- Eastewo mine BealtLcare Assigned to