HomeMy WebLinkAbout1995-04-10 95-163 ORDERDate: 4/10/95
Item No.: 95-163
Item/Suhject: Purchase and sale agreement with Kurt s Karen Thomas, RR
Motor Sports
Responsihle Department: Community and Economic Development
Co®entary:
See attached memo.
Associated Information:
Budget Approval:
Department Dead
Finance Director
lzgal Approval: pew r@�e. R �'m,.lre- (A
Rtomme�f ion 7k /:unntrodr4. U�^'�
City Solicit
Introduced For
K Passage
First Reading Page 1 of 2
Referral
95-163
ksigned b Counn0a Baldacci April 10, 1995
CITY OF BANGOR
(TITLE)�YLEr, Authorizing the City Manager to Execute a Purchase
VY....... ........
and Sale Agreement Kurt S Karen Thomas.
By as CUP Cm WU of de Li1v ofBanyor:
THAT the City Manager is hereby authorized and directed,
n behalf of the City of Bangor, to execute a purchase and sale
agreement with Kurt a Karen Thomas, KK Motor Sports, fax Lot t12 in
the BanAir Industrial Park on Outer Manmrond Street for $15,300.00.
IN CITY COUNCIL
April 10, 1995
Pas etl
22�—
TY CLEPA
95-163
ORDER
Title, Authorizing the City Hanger to Execute a
Purchase and Sale Agreement Kurt 6 Karen Thomas
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1
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AsOgned
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95-163
' ZKOCORPORATION
' BANGOR AIRPORT CIVIC DEVELOPMENT CORPORATION
c/o Eennwnlc DumIsm" Duanvnem
Seneca aq Hall
Benxi, Maine Nan
memorandum
To: Members of the City Council
From: Stephen A. Bolduc, Brecut� Manager
Date: April 10, 1995 ii��ii//----��11�,
Subject: Purchase and sale agreement with Kurt & Karen Thomas, KK Motor
Sports
Issue
Kurt & Karen Thomas, KK Motor Sports, have made an offer to purchase int
112 in the BaNur industrial Park on Outer Hammond St. for $18,300.
Background
Mr. Thomas is the owner of KK Motor Sports, Millinocket, a franchised
dealer in Honda And other brands of recreational vehicles. He is
proposing to construct a 6,000 sq. ft. building on lot 112 for a facility
to sell and service recreational vehicles such as motor cycles and
snowmobiles. The dealership is projected to employ 4 - 5 people.
Lot 112 is .76 acres with 170' of frontage on BanAir Rd. The offer is
the same as the asking price of $18,300.
The City of Bangor is represented by Don Buffington, Town & Country
Realtors, who is due a commission of 5% at closing to be paid by the
City.
Rec®endaticn
Staff recommends that the offer be accepted because:
1. The offer is 100% of the listed sale price of the
lot.
2. The proposed project will be a significantly sized
development on the lot. A 6,000 sq. ft. building with
set -backs and parking provides for some expansion of the
building while developing a large percentage of the lot.
OPERATOR OF BANGOR FOREIGN TRADE ZONE NO. 58
Telephone: (207)947A842. TELEX: BANAIR 550007