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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_
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