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Committee OKs forwarding easement agreement for 50-unit senior housing to full council
Summary
The Business & Economic Development Committee approved forwarding a draft easement agreement to City Council so Bangor Housing Development Corporation and the Bangor Housing Authority can satisfy lenders and title insurers for a 50-unit senior housing project at 140 and 154 Sunset Avenue.
The Business & Economic Development Committee voted to forward to City Council staff’s recommendation to authorize a city easement agreement so a 50‑unit affordable senior housing project at 140 Sunset Avenue can close financing.
City Solicitor David (city solicitor) told the committee that Bangor Housing Development Corporation (BHDC) is scheduled to close this month and that lenders and the title insurer want a written easement agreement to protect improvements that will be built over an existing city stormwater easement that runs across 140…
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