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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 PageI_of� 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