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HomeMy WebLinkAbout1999-04-26 99-168 ORDERCOUNCIL ACTION Item No. 99-168 Date April 26, 1999 Item/Subject: Authorizing Execution of Option Agreement with PJC Realty Company, Inc. -- Corner of Broadway and Stillwater Avenue (Tax Map 46, Lot 58A) Responsible Department: Legal Commentary: This Order authorizes the City Manager to execute an Option Agreement for the purchase and development of a portion of City property located at the corner of Broadway and Stillwater Avenue with PJC Realty Company. Inc. (Brooks Pharmacy). Brooks Pharmacy has plane to acquire three privately -Owned parcels of land in addition to the City property to construct a pharmacy. This agreement limits the type of development and use of the property. For example, the serving or consumption Of alcohol and sale of motor vehicle fuel would be prohibited. In addition. Brooks Pharmacy would be required to do certain off-site improvements to Stillwater Avenue. The Community S Economic Development Committee recommends approval Department Head Manager's Comments: II City Manager Associated Information: Budget Approval: Finance Director 29, City 41solicitor IS1Y YOdUF2CI For }(T Passage First Reading Referral Page 1 of 99-168 Aniped to Cav la Falser 6Pxll 26, 1999 CITY OF BANGOR Authorizing Execution of Option Agreement with PSC (TITIFJ @rbtr,............... ___._ _._.. --__. Realty Company, Inc. -- corner of Broadway and Stillwater Avenue (Tax Map 46, Lot 58A) By W By( awaB ofW CRY OfBae . ORDERED, THAT the City Manager is hereby authorized, on behalf of the City of Bangor, to execute an Option Agreement, a copy of which is on file in the Office of the City Clerk, with PJC Realty Company, Inc, for the purchase and redevelopment of a portion of the corner of Broadway and Stillwater Avenue (Tax Map 66, Lot 58A). to xfw TpNRII::'- April 26. 1999 Motion for Passage (lade and Secoaded. Lee Mein. 119 S. Park St. expressed couc regarding building at this location. 99-168 ORDER Title, Authorizing Executive of Option ureeneut Hth PJC Realty Company. Iuc. Cotner of Eroadaay and Stillwater Avenue (T"Vid'46: 'C6f'ffi45......... •. •..... ..................................... .�...�.�.../..;.................. �^J.Assigned to .....�LY.ttV!1.................. Councilman