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HomeMy WebLinkAbout2003-10-27 03-336 ORDERItem No. 01336.- Date: Octaber2'J x003 Item/Subject EMending 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 Cry 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 granted Penview Associates exclusive status as tentative developer of the site until October 22, 2003. Penview is diggentiy pursuing its proposed development and additional time is needed to firm up negotiations for a development agreement. This Order would extend Penview's tentative developer status until November 24, 2003. Department Head This has been reviewed and is recommended by the Business and EconomicDevelopmentCommittee. � GCi City Manager Associated Information: Approval: Finance Director City 5 id X Passage _ First Reading Page _ of Referral 03 -jib RSI _ Assigned W Councilor Eal r October 27. 2003 .< CITY OF BANGOR (TITLE.) Order, Edending Tentative Developer Status of Penview Associates - Railroad Street RNerfront Development Site By the Ory'Cana of Me City ofRaigon.. ORDERED, THAT WHEREAS, PerMew Associates Fors proposed W develop residential condominiums on a City owned deveopment site located on th noHb We of Railroad Street In the Bangor RNapadc on Has Penobscot Master Plan; and WHEREAS, one Oty has granted "tentative developer' status to Pemview Assodatas by passage of Council Order N-288 on September 28, 2003; and WHEREAS, Penview Associates has been diligently pursuing development of the site and additional tlme Is needed W firm up negotiations necessary to prepare a development Agreement far the Coundfs consideration, NOW, THEREFORE, BE R ORDERED BY THE CITY COUNCIL OF THE CRY OF BANGOR THAT Me tentative developer stats granted to Penmew Associates by passage of Council Order 012888 is hereby edended to November 24, 2003. IN CITY CIDURCIL Octo�r 27. M03 p 03-336 f raruEj �temieg xee =e Develops[ 3tete. Stieef BfvttfrwG Developnen[ Site N[Ygned ro Councilor P(Q�[p®t_ -F*v++^'niv—