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HomeMy WebLinkAbout2011-03-23 Business and Economic Development Committee Minutes BUSINESS & ECONOMIC DEVELOPMENT COMMITTEE Wednesday, March 23, 2011, 5 pm City Hall Council Chambers MINUTES Councilors: Chair Weston, Blanchette, Bronson, Durgin, Longo, Nealley Staff: McKay, Bolduc, Patterson Others: Chris Higgins and Mike McCullaugh of Stillwater Enterprises, Inc. 1. Amendment to the Lease Agreement with Stillwater Enterprises, Inc. Stephen Bolduc, BanAir Executive Director, stated that Stillwater Enterprises has exercised their option to extend their lease for 108 Florida Ave. for an additional 3 years. This item was brought to the BED Committee at the March 9, 2011 meeting. At that time, Stillwater Enterprises requested some new terms. In response, Committee asked staff to further discuss this with the tenant and bring back a final agreement. As of this time, Staff has met with the tenant to work out the terms and recommends, for the Committee’s approval and recommendation to the City Council, that the rate for the period of September 1, 2010 to August 31, 2011 remain at $1,500 per month (which is the current rate the tenant rd is paying). The following year it will increase to $1,545 per month, and in the option for the 3 year there will be a negotiation between the two parties to determine that rate. Councilor Nealley made a motion to move staff recommendation to the City Council as presented. Seconded by Councilor Longo. Unanimous vote. 2. Proposed Downtown Façade Improvement Program Rod McKay, Director of Community & Economic Development, briefed the Committee on this item. He stated that the Dept. of Community & Economic Development would like the BED Committee to consider establishing a Facade Improvement Grant Progam to help strengthen the revitalization of Bangor’s Downtown District. This program as proposed would offer grant funds and design assistance to businesses and property owners located within the Bangor Center Development District; the funds would be matched by equal or greater investment of private funds for the purpose of restoring/renovating commercial storefronts and replacing deteriorated or poor quality commercial signs and awnings. Facade grants would be available to eligible properties located in the Bangor Center Revitalization Area as designated by Chapter 71 of the City Code, and funded improvements would have to conform to the standards of Chapter 71. If the Committee supports this concept, staff will include it in the list of proposed activities to be funded with next year’s CDBG grant allocation, for consideration and approval by the Committee and full City Council by May 15. Discussion continued amongst Committee members and staff on how this grant program could currently assist businesses in the downtown. th Rod concluded that at the upcoming April 6 BED Committee meeting, he will address some of the requests recently received for the CDBG funding and will make recommendations for the use of funds as they pertain to the requests. He added that it is possible the funds we would like to spend will not be available and it will be up to the Committee to establish priorities for which projects they would like to have move forward. A motion was made by Councilor Durgin to go into Executive Session – Economic Development – Negotiations on Disposition of Property – MBEP – 1 M.R.S.A. § 405 (6) (C) 3. Executive Session – Economic Development – Negotiations on Disposition of Property – MBEP – 1 M.R.S.A. § 405 (6) (C) 4. Action on Above Item No action was taken by the Committee.