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HomeMy WebLinkAbout1994-04-11 94-175 ORDERtY:P1SY3���1� Date 4/11/94 Item No. 94-175 Item/Subject: OPTIOR TO PURCHASE AGREEMENT WITS TLC MEDICAL SERVICES, INC. Responsible Department: Community and Economic Development Commentary: SEE ATTACHED MEMORANDUM. i�lr�ll_��,� Manager's Ccxmuents:—A�af�� r �city manager Finance Director a { V ""`1 A bl City Solicitor Introduced Por _Passage _First Reading Page 1 of 3 Referral nac�xuamo.xx �✓ans� R Orkr ate LOuA6($ JIyW l'IVI Or'0600nU, OOy<%✓^j ib ✓rcl dS jgvirc Abrow/ dy /If 41� Cm nrrVV� Scone 94-1]5^ A99iynedmCwncibr April 11, 1994 CITY OF BANGOR (THRE.) (009X,......, -Authorising.. the City Manager to Execute an option. to Purchase Agreement with TLC MEDICAL SERVICES, INC. By w City Coyynt of w City ofBaayor. ORDERED, TUT the Cit Manageris he on behalf of the City of Banor,to executeDetnd an Optiont purchase Agreement between the City of Bangor and TLC MEDICAL SERVICES, INC. for Lot 4 in the BamItr Industrial Park. vee\Mc .= (414i94) In City Council April 11, 1999 Pau[e Ci y Clerk 99-1]5 ORDER Title, Authorizing The City Manage[ to @Deena An Option t0 POmM1aee Agreement with TIG Medical Services Inc. ...................... 7................ A^ Aeei�W Councilman �ffVV11 � 94-375 1L�JQOLn1�CORPORATION BANGOR AIRPORT CIVIC DEVELOPMENT CORPORATION 00 Edon is Dwelcpmant Depanmem Samw aq Hall Swyw, Naim Wwt Memorandum To: Maximum of the City Council Prom: Stephen A. Bolduc, Executive Manager Date: April 11, 1994 �� 3 Subject: Option to Purchase Agreement with TLC Medical Services, Inc. TIL MEDICAL SERVICES, INC. Issue TLC Medical Services, Inc. would like an option to purchase Lot 4 in the Batwir Industrial Park. Backemund TIC Medical Services, Inc. provides medicalequipment for home health care. May are currently locatetl at 99 South Main Street in Brewer. Because of the rapid growth of their business, the company requires larger physical facilities. TLC Medical Services, .Inc. intends to build a 10,000 sq. ft. building on sot 4 for the compeny's offices with warehousing apace for their equipment. TLC Medical Services, Inc. hoe accepted the following terms and conditions for an option agreement and a purchase and sale agreement: Option Terms and Conditions -Promises t Lot 4 in the. BanAir Industrial Park,Outer_ Hammond Street, Bangor. - Term: 120 days from execution of the option. Fee: One Thousand Five Hundred Dollars ($1,500.00). The fee is non-refundable and will apply to the purchase price. Page 2 of 3 OPERATOR OF BANGOR FOREIGN TRADE ZONE NO. 55 Telephone: (207)94)4842. TELEX: BANAIR SMOOT 94-1]5 Conditions: Prior to the exercise of the option the Optionee shall have obtained: A. Site plan approval from the Planning Board of the City of Bangor. Premises: Lot 4 in the BanAir Industrial Park, Outer Hammond Street, Bangor. Sale Price: Fifty Three Thousand Dollars ($53,000.00) Use: To construct a building of at least 10,000 sq. £t. with a 7,200 sq. ft. footprint for use aoffice and warehouse for TLC Medical Services, Incn Lot esveloamnt: Development of the lard, as described in the Site Plan approved by the Planning Board of the City of Bangor, =at comuence within one (1) year from the date of purchase and be completed within two (2) years of the date of purchase. ISi$�(l4!bq` nda41` The BumAir Corporation has ravlewed this agreement and recommends its approval under the terms and conditions outlined above. Staff also recommends approval under the terms and conditions outlined above. SAB/]P Bac. (Map) Page 3 of 3 AM++�.amvv (4/4/94) a