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Home My WebLink About1992-02-19 Community and Economic Development Committee Minutes 110 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE Wednesday, February 19, 1992 MINUTES MEMBERS PRESENT: Councilor Marshall Frankel Councilor Don Soucy Councilor Pat Blanchette OTHERS PRESENT: Kenneth Gibb, Director of Community & Economic Develop. Rod McKay, Community Development Director Stan Moses, Asst. Community Development Director John Lord, Planning Officer John Frawley, City Engineer Another item was added to the Agenda after it was originally prepared. This item was taken up first as follows. • AGENDA ITEM #1 - Consideration of Application by City of Bangor to Request Federal CDBG Funds The City was asked by the Maine State Housing Authority (MSHA) to be the applicant on behalf of three non-profits in the Bangor community for funds in the Shelter Plus Care program. Stan Moses, Asst. C.D. Director, made a presentation of the purpose of these grant funds . This is a new HUD program to benefit homeless people in order to provide rental subsidies to 37 homeless individuals or households along with a local match from the the three non-profits for appropriate care services which must be equal in value to the rental assistance. The grant will be approximately $974,975.00; this would be received over a 5-year. period. The funding for the support services would be provided by the non-profit organizations with primarily State funding under contract with the Department of Mental Health or Human Services. There would be no City of Bangor resources involved in the proposed activities other than Staff time to prepare the application and periodic monitoring of their activities to make sure they are in compliance with our 2 agreements as well as efederalject fundsowiill notaudits, passreviews thraughand the monitoring visits. The City budget process; they wouldo directly to the non-profits once the City has entered into a grant agreement with HUD and have ei ugdateeefor this application non-profit oft February; with Submission da Council action required prior. The 3 local non-profit agencies are as follows: Community Health & Counseling Services Central Maine Indian Association, Inc . Eastern Maine AIDS Network Each of these organizations have designed a program to provide shelter and supporting care services to the ehhoireless poppulation. Each of the organizations spokeregarding programs. The three local non-profits will be in a nationwide competition for these only sassurance fromr ties HUD isch as that in1theeentireBoston, Region etc. The only 1, which is all of the northeast U.S. from Pennsylvania to Maine, there will -be at least one eiaward given. Our chances of receiving funding here are not e. at As stated by Stan Moses�hsfl��lgrant needsls not and thepformali_zi_ngleast the ground work in stating the program has beendQfthis ethe programi three non-profit . _forthcoming years;will theree • future funding rounds may also be other sources of assistance in funding that can be pursued elsewhere if the grant is not received. Committee motioned to approve and seconded unanimously to forward this item to Council for their approval. AGENDA ITEM # 2,_ - Consideration of City Purchase of Bangor Dock Facilities At a recent meeting, Staff informed Committee of an offer from Bangor Dock Ftchastnow beenies to eincreasedtheir dtok$60�,000the inlorder for to cover al ,cs . That alllcosts incurred by the present owners . Staff is recommending that the City purchase these docks in order to retain them for local use and thus keep the source of revenue that operating the docks will bring in. John Frawley, City Engineer, indicated that he is very familiar with the condition of these docks; that they're e000 invested l constructed and that there has been approximately into them. He indicated that if at least 15 boats, of an average 30 foot length, were to use the dock facilities, it would be on a breakeven basis . However, the cost of the City operation would be considerably less then the private operation according to the • attached breakdown. 3 Staff is seeking the Committee's approval to explore this further, to negotiate otiate and to see how much business arn aanebeacquired Bangor for the docks. It is felt that these • and whatever steps are necessary to secure them as such should be taken. Ken Gibb suggested the waterfront araaerea be classified dincomesasant e from hethe ent the existing gfharbord in toperation, the potential operation for the Bangorhexiscg operation, in this yearro eth first DockeFacilitiesomteparking aid rlotnleased togthe ne Hutchins pc insfproj ct 1,00 from �$10r11,000, , could all be dedicated to an Committee motioned imously that staff pursue °CkdFacilitiesded uatna favorable cost to the acquiring the Bangor D City. Changes _ Manufactured AGENDA ITEM #3 - Review of Proposing Zoning Housing meet Code in respect to lot After reviewing the new Land Development Staff has size requirement for manufactured housing language which states to the previously fn e with a tater proposedotchanges12,000 sq. lotPlanning Officer,n ofots wouldehave tod be aAminimum ed by John Lord, your standard 100 feet not make rd mobile o are long and narrow in size they this does mthey are when it comes to should be rewritten homealone. BecauseThe standard have lots narrower and deeper. • accordingly. which John Lord replied this point, Councilor Pat Blancette asked if this item will At needhatot come beforehvetne fCull Council to o ttbe discussed. It was that it would have to. Councilor Blanchette then made a motion to l refer this agenda item to the Committeenci unanimously seconded by Ken Gibb stated that there would be a first reading at the a Planning Board public hearing on Council meeting on March 9th, March 17th and back to the Council on March 23rd. The meeting was adjourned at 8:35 PM. rp 3/4/92 1 DOCK PRO FORMA PRIVATE CITY OPERATION OPERATION GROSS REVENUE $26,550.00 $24,750.00 ESTI MA I EU ACQUISITION COST $60,000 OPERATING EXPENSES ESTIMATED OPERATING REVENUE — NETDOCKABLE SPACE Length per section 16 Accounting $450.00 $0.00 Number Sections of Dock 23 Advertising 160.00 160.00 Outside Dockable Lineal Feet 368 Electricity 1,620.00 1,620.00 Inside Dockable Lineal Feet 416 Legal 250.00 0.00 Total Dockable Lineal Feet 784 Insurance 3,600.00 1,500.00 Est Length of Net Rental Footage 684 Trash Removal 245.00 0.00 Est. Length of Footage Rented 550 Postage 200.00 200.00 Projected Season Fee Per Foot $55 Land Rent 2,500.00 0.00 Gross Projected Revenue $30,250 Submerged Land Lease 1,300.00 0.00 Property Taxes 428.00 0.00 ESTiMA'EU OPERATING I3FVE[JUE=NUMBER OF BOATS Telephone 790.85 0.00 Average Length of Boat; 30 Repair/Renovations 2,000.00 2,000.00 Estimated Number of Boats 15 Water 225.77 225.77 Projected Season Fee Per Foot $55 Crane Service 1,200.00 1,200.00 Gross Projected Revenue $24,750 Spring Assembly 3,000.00 3,000.00 Fall Disassemble 2,000.00 2,000.00 CITY DEBTSERVICE Management 5_999.00 2,000.00 Amount Borrowed $60,000 Total Expenses $25,968.62 $13,905.77 Term 7 NET OPERATING INCOME $581.38 $10,844.23 Interest Rate 7.00% Debt Service $14,515.00 $10,866.73 Monthly Payment $905.56 CASH FLOW ($13,933.62) ($22.50) Annual Debt Service $10,667 BY ESTIMATED NUMBER AND AVERAGE LENGTH OF BOATS LF oen Amount $60,000'Rental Fee per I Rental Feeper Rental Fee per I Rental Fee peri—Rental Fee per Interest Rate 7.00% Foot of Boat= Foot of Boat= Foot of Boat= Foot of Boat=I Foot of Boat= Term/Years7 $45 $50 $55 $601 $65 Estimated Annual income $20,250.00 $22,500.001 $24,750.00 $27,000.00 $29,250.00 Total Expenses ! t' 13,905_77) {$13,905.77)1 ($13,005.77 ($13,905.77) ($13,905_77) Net Operating Income $6,344.23 $8,594.231 $10,844.23 $13,094.23 $15,344.23 Lecs:Annuai Debt Service { ($10,866.7 ($10,866,73 X$10,866.73)1 f$10.866.73)1 ($10,866.73)1 I Cash Flow ($4,522.50)1 ($2,272.50), ($22.50) $2,227.501 $4,477.50 BY EST. FOOTAGE RENTED= 550 LINEAL FEET 1 Loan Amount $600001 Rental Fee per I Rental per Fee per I Rental Fee per I Rental Fee per Rental Fee i Interest Rate 7.00%I Foot of Boat= ot Foot of Boat=I Foof Boat =' Foot of Boat= Foot of Boat= TermjYears 7I $45 $501$50' $55 $60 I Estimated Annual Income $24,750.001 $27,500.00' $30,250.00 $33,000.00 I $35,750.00, Total Expenses ($13,905.77) _($13,905.77)' ($13,905.77) ($1309_05.7:') ($13,905..77) Net Operating Income $10,844.23 $13,594.23 i $16.344-231 $19,094.231 $21,844.23 Less:Annual Debt Service ($10.866.73) ($10,866.73) ($10,866.73); ($10,866.73)1 ($10,866.73) 1 _Cash Flow { ($22.50)1 $2,727.50L $5,477.50{ $8,227.501 $10,977.50] • • FILE:BGR-—DOCKFeb-92 1 • 4111