HomeMy WebLinkAbout2000-12-11 01-74 ORDERCOUNCIL ACTION
Item No. 01-74
Date: 12 - 11- 00
Item/Subject: ORDER, Authorizing the City Manager to execute a Leasehold & Security Agreement with
Acadia and MSHA for 179 Indiana Avenue.
Responsible Department: Legal Office
Commentary:
The Leasehold & Security Agreement is necessary to permit Acadia to close a refinancing agreement with
MSHA and Penquis for additional forgivable funds at the Hope House site.
Department Head
eanager's Commewas:
SPC �kalfolby/1,cJ/Awi�4x✓fw
& l (MA m460 /1-600 W
/p City Manager
Budget Approval:
Rnance Director
Approval:-
gss;sV for City Solidbw
Passage
_ First Reading Page _ of
Re rral
01-74
Aslgnedlo Courrilor midacci December 11, 2000
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CITY OF BANGOR
(UTLE.) Order, Authorizing the City Manager to execute Leasehold Mory age & Security
Agreement with Acadia for property located at 179 Indiana Avenue, Bangor.
THAT The City Manager is hereby authorized, on behalf of the City of
Bangor, to execute a Leasehold Mortage & Security Agreement with Acadia in for property
located at 179 Indiana Avenue Bangor. Said document shall be in a form approved by the City
Solicitor or Assistanct City Solicitor.
IP CTTY COUNCIL
December 11. 2WO
tlotion for Postage Made and
Seconded
Councilor Crowley Abstained
frw Discussion and Vote
Pass¢---\.'�SI�
CLg�
WR
TIde,Authotiiiog the City Manager t0
taewte Leasehold Mortgage d Security
Agreement alto Acadia for Property
Located at 179 Iudiaua Avenue, MaAfOr
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