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.
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Finance Director
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City Solicitor
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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.
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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
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