HomeMy WebLinkAbout2003-11-24 04-23 ORDERItem No 04=23
Date: November24 10113
item/subject Extending Tentative Developer Status of Penview Associates - Railroad Street
Riverfront Development Site
Responsible Department Community & Economic Development
Commentary:
Penview Associates has submitted a proposal to the City for the development of residential
condominiums on a City owned development site located on the north side of Railroad Street in
the City's riverfront development project. The Council has previously gamed Penview exclusive
status as tentative developer of the site until October 27, 2003 and extended this status until
November 24, 2003 by Council Order 03-336. Penview is diligently pursuing its proposed
development and additional time is needed to firm up negotiations for a development
agreement and an exchange of land with the owner of land abutting the development site. This
Order would extend Penview's tentative developer status until December 22, 2003.
Department Head
Manager's Comments:
This has been reviewed and is recommended by Business and Economic De lopmy¢ entt
❑ry Manager
Associated Information:
Budget Approval:
Finance Director
Legal Approval:
City Soliator
Introduced for
X Passage
_ First Reading Page _ of
Referral
Ob -238
'"�/< Asri6ned to Councils Greene Xa bvbeze2A, 2003
CITY OF BANGOR
(TME.)Order, Extending Tentadve Developer Status of Penview Associates - Railroad
Street Riverfront Development slue
WHEREAS, Pemlew Associates has proposed to develop residential condominiums on a City
owned development site looted on the north side of Railroad Street in the Bangor
Riverparit on the Penobscot Master Plan; and
WHEREAS, the City has granted "tentative developer' status W Penview Associates by passage
of Council Order 03-288 on September 28, 2003, which data was extended! to
November 24, 2003 by passage of Council Order 03-336; and
WHEREAS, Penview Associates has been dlligentty pursuing development of We site and
additional time is needed to firm up negodatiorw necessary to prepare a
development agreement for the Council's consideration,
NOW, THEREFORE, BE IT ORDERED BY -THE CRY COUNCIL OF THE CRY OF BANGOR THAT
the tentative developer somas granted to Penview Assodabs by passage of Council Order 03-
266 and extended to November 24, 2003 by passage of Council Order 03-336 is hereby
extended to December 22, 2003.'
IH CITP COUNCIL
Nmer 26, 2003
Notion Made and Seconded
fox Passage
Passed
q 06-23
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