HomeMy WebLinkAbout2005-06-13 05-187 ORDERItem No. 0s 187-
Date: lune 13, 2005
Item/Subject ORDER, Authcafl ing Amendment to Agreement with the Universityof
Maine System Extending the Date for Exchange of Property for the
Purpose of Relocating the System Office and Expanding Develop-
ment Opportunities in the Maine Business Enterprise Park
Responsible Department: Community & Economk Deyebpment
Under the City's Agreement with the University of Maine System, the exchange of property relating to the
University of Maine System's move W downtown Bangor was W take place before June 30, 2005. Work
on the former Grants Building is well underway, but is taking longer than expected delaying the UMS
move into the building. This amendment would extend the data by which the exchange of property takes
place from June 30, 2005 to October 31, 2005 to allow ample time for work to be completed and the
move to take place. The Business and Economic Committee recommends approval.
Department Head
Manager's Comments:
Recommend approval. %�
4
- Ciry Manager
Associated Information:
- - - - _ - Finance Director
Legal Approval
CIN Sdicttor
X Passage
_ First Reading Page _ M_
Referral
- AnignedtoCouncilor Stoae June 13: 2005
5 CITY OF BANGOR
Cl=E.) order, Authorizing Amendment m Agreement wth Me University, of Mein System
Extending the Gate for the Exdmnge of property for the Purpose of Relocating the System
Office and Expanding Development Opportunities in the Maine Business Enterprise Park
WHEREAS, the City Council, by passage of Council Order 09-152 on May 24, 2004, authorized
an agreement with the University, of Maine System for the exchange of properties
to allow the System to relocate is offices w the upper three floors of the Grant's
Building in downtown Bangor in return for the Ory, recanting properties adjacent to
the Maine Business Enterprise Park; and
WHEREAS, this exchange will complete the reuse of the Grant's Building and bdng 120 new
employees into the downtown; increase activity and provide additional customers
for downtown businesses; strengthen the already strong relationship between the
City and the University of Maine System; and provide the City additional property
adjacent to Its Maine Business Enterprise Park to be used for economic
development, jab creation, tax base enhancement or other public purposes; and
WHEREAS, the Agreement stipulated that the exchange of property would take place on or
before June 30, 2005; and
WHEREAS, Improvements to the Grants Building for occupancy by UMS are well underway but
are tatting slightly longer than originally antapated;
NOW,THEREFORE, BE IT ORDERED BY THE CRY COUNCR OF THE crrY OF BANGOR
THAT Me City Manager is hereby authorized to execute an amendment to the Agreement
between the City of Bangor and University of Maine System dated July 3Q 2009 changing all
references to the data June 30, 2005 in Amide 1 to read October 31, 2005.
UIMEJ hotho[izisg Pmeod:vt to A eeoevt
with the University o£ Naive System Extending
the Date of the Fchenge of Property for the
Purpose Of Relocating the eyste ce and
Expanding Development Opportunities to Maine
Business Hnte[p[ se Par
Muggedtocouuadoor SSAI&
C/U I L