HomeMy WebLinkAbout1999-06-14 99-215 ORDERCOUNCIL ACTION
Date: June 14 1999
Item No. 99-215
Item/subject: Extending Purchase Option Agreement for purchase of Bangor Waterworks —
EasteDi Maine Healthcare
Responsible Department: Community A Economic Development
This Order would Damon the Patches¢ Option Agreement with Eastern Maine Healthcare for the purchase'
of the Bangor Waterworks. All permits for the project have been approved except for a Certificate of
Appropriateness under the City's Historic Preservation Code and the necessary building permits from
the City's Code Office.
The Purchase Option Agreement expires June 30, 1999 unless the parties agree to an extension.
Additional time is necessary, to harder refine redevelopment costs, finalize plans and obtain a Certificate
of Appropriateness under the City's Historic Preservation Code. This Order would authorize an
amendment to the Agreement extending the option period to December 31, 1999. Approval is
recommended.
Department Read
Budget Approval:
Finance Director
I
City 3plic.ij9.z
Introduced For ' Passage O First Readies ❑ Referral
PageI_of�
City manager
Associated
Information;
61-k 1
Budget Approval:
Finance Director
I
City 3plic.ij9.z
Introduced For ' Passage O First Readies ❑ Referral
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99-215
Aeeigned to Councilor 1y1,, Snne 16, 1999
CITY OF BANGOR
(TITLE. (OrbPr. ............. Extending Purchase Option Agreement for Purchase of Bangor
Waterworks — Eastem Maine Healthcare
By the a!y Gentled of Us City of Banner:
ORDERED,
TMT WHEREAS, the City of Bangor and Eastern Maine Healthcare are paries to a
Purchase Option Agreement, as authorized by Council Order #98-150 passed by the Bangor City
Council on March 23,199$ for the purchase and redevelopment of the Banger Waterworks; and
WHEREAS, the parties continue to work towards redevelopment of the Bangor
Warerworks; and -
WHEREAS, additional time is necessary to farther refine redevelopment costs,
finalize plans and obtain a Certificate of Appropriateness order the City's Historic Preservation
Code;
NOW, THEREFORE, BY THE CITY COUNCIL OF THE CITY OF BANGOR,
BE IT ORDERED, THAT the City Manager, on behalf of the City of Bangor, is hereby
authorized to execute an Amendment to the Purchase Option Aineement between Eastern Maine
Healthczre and the City of Bangor to extend the option period to December 31, 1999, said
Amendment to be in a form approved by the City Solicitor or Assistant City Solicitor.
IN.CIW C x—L
June Ib, 1999 _
Councilor Kohn® Abstained from
Discussive and Vote
Passed
C
TT
99-215
ORDER
Title, Heteodiog Purchase O ttam Agreement
for Porchaae of Keagor Vaterwrks -
eaatern Maine Healthcare
......................................
mud
Councilman