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HomeMy WebLinkAbout1993-11-22 94-27 ORDERCOUNCIL ACTION Date: November 22. 1993 ,94-27 Item No. Item/Subject: Designating Tentative Developer - Former Viner Building Responsible Department: Community and Economic Development commentary; No formal proposals w received i response to the City's request for proposals for redevelopment or former Viner building located at 26 Front Street on the City's waterfront. Several parties indicated interest in the building after the deadline for submitting proposals. TO evaluate the extent of this interest, the community and Economic Development Committee authorized the staff to request that letters of interest be submitted by interested parties by November 8th. Two letters were received. The Community and Economic Development Committee is scheduled to review both proposals at its meeting on Wednesday, November 17, 1993, after whichit is expected the Committee will make arecommendation to the City Council on the selection of a 'tentative developer This Council Order would designate "tentative developer" for a period of 60 days, during which time staff and the tentative developer selected would negotiate the terms of an agreement between the City and developer for City Council consideration. The effect of designating a tentative developer for 60 days is to give the staff authorization to negotiate exclusively with the tentative developer selected, to give the developer an opportunity to undertake studies necessary to further define and finalize his proposal, and to provide the time necessary to finalize a development agreement which will set forth the obligations of the developer. / Depurtmalt Head Man, oBr'sCoComments:W �.�z Q�o c C.G�/iDG, Ya2ut� City Manager Associated laformatiom✓O Finance Director troduced For R passage _ First Reading Page 1 of 2 Referral Aeup�N to CaunNor Sullivan November 22, 1993 _ryry'pp. CITY OF BANGOR (TIRE.. Vlfrbtrt Desi tine Tentative,Developer -..Former viner BuiLiime By Nw City Coax(! ofdw MV of Bases. ORDERED, TEAT WHEREAS, the City of Bangor has received proposals for the redevelopment of the former Viner Building owned by the City and located at 26 Front Street an the City's waterfront; and WHEREAS, the Community and Economic Development Committee has reviewed the proposals received and has made a recommendation for the designation of a tentative developer of the 26 Front Street property; NOW, THEREFORE, BY THE CITY COUNCIL OF TN8 CITY OF BANGOR, BE IT ORDERED THAT is hereby designated as the tentative developer of Citv property known as the former Vicar Building located at 26 Front Street fora perioo of sixty (60) days, during which time the Community and Economic Development -Department, in consultation with the Community and. Economic Development Committee, shall be authorized to negotiate, the terms of a development and/or lease agreement with the tentative developer for future consideration of the City Council. In City CnunCil November 22, 1993 Passed As Acceded Amended by Adding in the space provided the words Cee Dag Brewing Co. City Clerk 94-2] ORDER Title, Designating Tentative Developer ...................................... Former Viner Building ......�.....�'. .-.....a.'.. ..'. A.�. 1..®j ... gmigme� be Councilman