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HomeMy WebLinkAbout1991-04-08 91-169 ORDERData 'April 1, 199191-169 Item No.__ Item/Subject: Authorizing Adjustment of Claims with Mein, Central Railroad - lower Broad Street Lot I - Responsible Department Co®vnity and Economic Development Commentary: Thin Order would adjust claime of lattice Central Railroad arising out of the City's acquisition of the Railroad's lower Broad Street lot. (City Tax Map'42, lot 222). The proposed adjustment is at the Rallotad's request. The effect Of this Order is that the Railroad would trade its .interest in the lower Broad Street property for City payment of the Railroad's share of the Boaz, Inc. Bangor Waterfront Marketing Study. The Railroad also would recei back a portion of the property acquired in order to widen its east®ent9 per C.O. + 91- 9 also pending on the Couacil's'egeods. Under the proposed arrangement, the City's anticipated coat to acquire eud clear J title to the lower Broad Street lot and to pay for. the Bang Inc. Bangor Water- front Marketing Study would increase from $55r698.00 to $55900.00. This figure done not include the value of the 49629 square feet area to be conveyed ✓ back to the Railroed9 which would be conveyed to the Railroad at no cost. ne Oefanq nt Hen6 Manager's Comments: . yMamger Axiaciated In(ormetion: Budg,[APProvai: Flnanaeuireo9or Legal Approval: CirysWi<i or Introduced For ®Passage ❑ first Reading ❑Fe(errel Page_ of 91-169 Aeeipadb Cowden Soenaud, April 8, 1991 r CITY OF BANGOR (DTLL) (DrbCr;-_Authorizing Adjustment of Claims Maine Central Railroad,,-, av w «ar cm.maH arum «na2rmwmr: ORDERED. THAT WHEREAS, By Council Order 91-114, passed March 13, 1991, the City Council authorised final acquisition by eminent domain of property of Maine Central Railroad and others located on lower Broad Street in the City of Bangor (City Tax Map 42, Lot 222); and WHEREAS, Maine Central Railroad is entitled to payment of $32,558.00 from the City az and for damages on account of said taking; ($33,000.00 as specified C.O. 91-115 passed March 13, 1991); and WHEREAS, By Council Order 91- passed concurrently with this Order, the City Council has authorized conveyance back to Milne Central Railroad of 4,629 squarz£eet of the area thus acquired; and WHEREAS, by Council Order 90-169 passed April 23, 1990, and subsequent Finance Committee action, the City Council authorized the Director of Community and Economic Development to pay 304 ($14,100.00) of the cost of a joint proposed City -Maine Central Railroad Bangor Waterfront Marketing Study to be prepared by Lugger McCall, Inc. (now Bona, Inc.); ROW, THEREFORE, By the City Council of the City of Bangor be it Ordered, THAT, as an adjustment of Maine Central Railroad's damage claims against the City of Bangor arising out of the City's taking of the above-described lower Broad Street lot, the Director of Community and Economic Development is hereby authorized to pay the full coat ($41,000.00) of the Bonz, Inc. Bangor Waterfront Marketing Study upon the City's receipt of a release from Maine Central Railroad of all MCRR damage claims arising out of the City's acquisition of the above described lower Broad Street lot. 91-169 In City Counuil April 8,1991 D R D E R Passed // Title, Authorizing adjustment of claims with City Clerk....St. Lot ........... .. N............ I.......... - _ Ae.ignedm - . Councilman