The Olean (NY) Urban Renewal Agency (hereinafter referred to as OURA), a public benefit corporation, is seeking proposals (the “Proposals”) from qualified entities and individuals (the “Bidders,”) interested in purchasing and redeveloping 107 North Union Street, Olean, NY 14760 (the “Property”).
The OURA acquired 107 North Union Street (Tax ID# 94.253-1-24) in 2007. At that time control of this Property was seen as crucial to advancing the redevelopment of the adjacent, historically significant, former Manufacturer’s Hanover (MH) Bank Building, the most prominent site in downtown Olean. The 107 North Union Street Property is now one of a group of parcels (including the MH property) owned by the OURA located in a designated Urban Renewal Area that is available for redevelopment.
OURA desires Bidders who: 1) demonstrate the financial and organizational capacity to purchase and develop the Property in a timely manner; and 2) meet the goals of revitalizing the City Center Business District consistent with the City’s Form Based Code (FBC), the Comprehensive Development Plan (CDP) 2005-2025 and the Olean Urban Renewal (OUR Plan Update). Bidders must demonstrate an ability to comply with all applicable review processes in accordance with the City of Olean FBC and the OURA design approvals.
Proposals must be submitted by July 13, 2018 at or before 5:00 p.m.,Eastern Daylight Time.
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