HomeMy WebLinkAbout1999-03-22 99-138 ORDERCOUNCIL ACTION
Item No. 99-138
Date March 22, 1999
Item/Subject: Authorizing City Manager to Execute Agreement for
Sale of Real Estate and Indenture of Lease
-- ]] Railroad Street
Responsible Department: Legal
This Order authorizes the City Manager to execute an Agreement to
purchase RC/BH Corporation's interest in ]] Railroad Street.
Because RC/BH Corporation will need to remain in the property for a
short time after closing, the Order also authorizes the City
r Manager to execute a Lease with RC/BH Corporation.
The Community and Economic Development Committee recommends
approval.
Deparodent Head
�A1104,161IR
Associated Information:® ati
/WO Finance Director
Legal Approval:
CiMolicitor
IntroFor
Passage
FirstReading
Referral
ral Page 1 of 2
99-138
Amgae WCam m AnbzMarch 22, 1999
CITY OF BANGOR
(p Authorzing City Manages to 6 ute Agr I eement
rba
1.
11
11
for Sale of Real Estate and Indenture of
Lease -- 77 Railroad Street
BY to AW Coonan off Llty KBanWI':
TEAR
the City Manager is hereby authorized, on behalf of
the City of Bangor; to execute an Agreement for Sale of Real Estate
for the acquisition of RC/BH Corporation's interest 1n 77 Railroad
Street and to execute an Indenture of Lease with RC/BH Corporation
for 77 Railroad Street, in substantially the same forms as are on
file in the office of the City Clerk.
IM CITY COUNCIL
March 22. 1999
- 99-138
Motion for Passage tlade sad
Seconded
O R D E R
Passed _
Title, Authorizing City Manager to esetute
Agtefor Sale Of Beal Satete and
WT Lac
IndeuCunture tt of Iaaee .. ]] ...... sd Street'
........................
CII[
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G.
A.dg,ed,n
Councilman........an