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
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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
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.....................................
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�^J.Assigned to
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Councilman