Loading...
HomeMy WebLinkAbout2002-07-08 02-277 ORDERItem No. o2 -27I Date: lull 2M Itan/Subje : ORDER, Designafing Olympia Equity lmestors Temafive Developer of Office Space, -Pmobseot Mverfiurrt Development Project Responsible Deparbnent Community&Ecanomic Development Commemary: Olympia Equity Investors lies requested the City gain than tentative developer status of office space in the Penobscot Riverfrom Development Project. This Order would grant Olympia Equity Investors exclusive same as developer of office space in the Penobscot Riverfrom Development Pmjeet until October 14, 2002. During this period, the City would deal exclusively with Olympia Equity Investors for development of office space in the Riverfinum Project, and Olympia Equity Investors would have an oppommlty to submit a formal development proposal to the City for the City Council's consideration on or before September 30, 2002. Department Head This has been reviewed by the Business and Economic Development Commitee which recommends your apPmval. p City Manager Associated Information: Order Fuente Director X passage _ First Reading page Referral 02-2)T Assign] to Councilor Rutucan July 8, 2002 CITY OF BANGOR (TITLE.) Order, Designating Olympia Equity Investors Tentative Developer of Office Space— Penobscot Riverhont Development Project By foe OIy C0ux1 ofthe ay ofawgor. ORDERED, THAT WHEREAS, Olympia Equity Investors is Interested in developing professional office space in the City owned Penobscot Riverfront Development Project; and WHEREAS, Olympia Equity Investors requires time to prepare a foetal development proposal for consideration by the City Council; and WHERAS, the City has granted "tentative developer" status to potential developers on various City owned development sites in the past, thereby providing the developer time to prepare a specific development proposal for the City Council's consideration and during which time the City agrees to deal exclusively with the designated tentative developer for the purpose for which tentative developer status was granted; NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT, Olympia Equity Investors is hereby designated the tentative developer of office space in the City owned Penobscot Riverfront Development Project that such designation Is in effect until October 14, 2002, that Olympia Equity Investors shall have until September 30, 2002 to prepare and submit in writing to the City a specific proposal far development of professional office space in the Penobscot Riverfront Development Project, and that during the period of designation the City agrees to deal exclusively with Olympia Equity Investors for the purpose for which tentative developer status is granted. IP CITY COUNCIL July 8. 2002 Motion Nelle aed Seconded for Passage Passed C[ CLEHH 02-2]) ORDER Title, Designating Olysqia Equity Investors Tentative Developer of Office Space - Penobscot Eiverfrout Developuent Project Assigned to B"14v Councilor f