HomeMy WebLinkAbout2003-10-27 03-334 ORDERItem NO. 0a-334 -
Date: October 27, 2003
Item/Subject: Authorizing an Amendment to the Development Agreement between the
City and Shaw House Development Inc.
Responsible Department: Community and Economic Development
City Council Order 03-79 authorized the execution of a Development Agreement with Shaw House -
Development Inc. for the redevelopment of the Bangor Waterworks. That Agreement was executed on
April 23, 2003. A delay has been imposed on the project: by the Maine Central Railroad's appeal of the
Maine DOT decision to allow a public crossing at the site. Three target dates in the Agreement should be
extended so that the Development Agreement remains valid. This Order would authorize amending the
original Agreement by extending each target date by one year.
Department Head
Manager's Comments:
Recommend approval, as does the Business and Economic Development Committee.
City Manager
Associated Information:
Approval:
Finance Director
❑ Solicitor
X Passage
_ First Reading Page_ of
Referral
aYiU
Assigncdto Councilor Nealley October 27, 2003
`F n: CITY OF BANGOR
(TITLE.) Order, Authorizing an Amendment to the Development Agreement between the
City and Shaw House Development Inc.
WHEREAS, City Council Order 03-79 authorized the execution of a Development
Agnrement between the ON of Bangor and Shaw House Development Inc, for the
redevelopment of the Bangor Waterworks into 35 units of affordable housing for low income
people; and
WHEREAS, the said Agreement was executed! on April 23, 2003; and
WHEREAS, due to a lengthy delay imposed on the project as a result of the Maine
Central Railroad's appeal of the Maine DOTS decision to allow a public railroad crossing at the
site, three target dates in the Agreement cannot be met;
NOW, THEREFORE, BE IT ORDERED By THE Q COUNCIL OF THE QTY OF BANGOR
THAT, the City Manager is hereby authorized to enter into an Amendment to the Development
Agreement executed April 23, 2003 wRh Shaw Horse Development Inc. Mat will extend each
target date in the Agreement by one year.
m CPR COUNCIL
October 27, 3003
esseea I, �G
x 03-336
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glTLE,) Authcc z& ss Poen�ent to the
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.pod Sbev House Development, Ine.
Assigned to Councilor
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